Angola-based mobile operator Unitel has launched a digital money service – Unitel Money – in the Central African country. The technology will be available in the 18 provinces of the country.
The new service will allow users to make deposits, withdrawals, transfers and payments via mobile phone, all without needing a bank account. According to a statement from Unitel, the company intends to reach over 3 million users in the mobile money business, and that the company will only be able to remain profitable as the number of customers increases.
“Before that we don’t have great profit prospects,” said Miguel Geraldes, General Director of Unitel. Continue reading