Unitel Money launches in Angola

24 Aug 2021

Angola’s mobile market leader Unitel has launched its mobile money service Unitel Money via its 100%-owned subsidiary Unitel Servicos de Pagamentos Moveis. The new mobile digital wallet platform – developed in partnership with Huawei – allows users to send/receive/deposit money and make instant payments, with around 1,000 agents throughout the country facilitating withdrawals/deposits.

Unitel is aiming for three million mobile money users in the short term, and five million users in four years. It faces competition, however, from the existing e-Kwanza service backed by BAI bank, the MCX Express service operated by EMIS, and the new AkiPaga platform being pilot-launched by Kwattel this month.

Angola, Unitel (Angola)