Be Mobile Africa — a low to no-fee banking product provider — has announced its official launch in South Africa.
The Canadian-based “neobank” offers several benefits for South Africans, including no monthly account fees, no minimum balance requirement, and the ability to send, receive, hold, and save money in euros and US dollars.
“The company aims to accelerate financial inclusion throughout Africa by delivering innovative digital banking solutions to serve these users,” it said. “We are incredibly excited to be launching our services in South Africa. This is an important market for us and we believe there is great potential for growth,” the company’s CEO and co-founder, Cédric Jeannot, said.
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