Hanypay, a pioneering fintech platform, in partnership with Kenyan fintech giant Dynamic Pay Solutions (DPS), has announced the introduction of the AKL Lumi digital currency to M-PESA platforms, focused on seamless and secure financial transactions and further enhancing access to financial services across Africa.
The introduction of the M-PESA will serve as a platform where millions of users in countries can access the AKL Lumi as M-PESA is known for its unmatched convenience and safety across the continued when it comes to both banked and unbanked populations.
For years, M-PESA has provided a lifeline for individuals with limited access to traditional banking. Its capabilities include sending and receiving money, airtime top-ups, bill payments, salary disbursements, and short-term loans.
By integrating AKL Lumi, Hanypay and DPS are extending these benefits to encompass the digital currency ecosystem, enabling:
According to the Executive Director of Hanpay, Chris Aryee, this partnership will strengthen the institution’s commitment to driving economic growth as the company intends to make AKL Lumi accessible to millions of people across Africa.
“This partnership underscores our commitment to bridging gaps in financial inclusion and driving sustainable economic growth,” he said.
“By leveraging the widespread adoption of M-PESA and the innovative capabilities of DPS, we’re making AKL Lumi accessible to millions, fostering a resilient and inclusive financial ecosystem across Africa.”
This development follows other recent partnerships involving M-PESA, such as its agreement with Chapa in Ethiopia aimed at enhancing transaction ease for merchants and customers.
