Be Mobile Africa Rolls Out EUR & USD Accounts for African businesses

For businesses in Africa, Be Mobile Africa has created a new multi-currency business banking platform.

Customers will be able to use the site to apply for and open business accounts in USD and EUR within 48 hours without having to physically visit a bank location.

With the help of the neobank’s new service, businesses will have an easier way to manage their funds and expand into new areas. Businesses will be able to hold, transmit, and receive funds in numerous emerging African market currencies in addition to the ZAR, USD, and EUR.

According to a press release from Be Mobile Africa, business customers will also be able to take advantage of flexible real-time transactions in a variety of currencies through preferred payment gateways like local EFT in South Africa, SWIFT, and SEPA. They will also be able to earn 5% interest annually in USD or EUR as part of the savings offering.

Be Mobile Africa’s CEO, Dr. Cédric Jeannot, said in a statement about the product introduction that the company is dedicated to assisting African businesses in expanding and competing in the international market.

The ability for businesses to access EUR and USD accounts is the main advantage we see here. One of the main obstacles to doing business on the continent is eliminated by giving our clients the option to transact in these currencies, he continued.

The Canadian-based Neobank began operations in South Africa this month with the aim of bringing banking to the nation’s unbanked and underbanked.