Mozambique: M-Pesa and FARMAC sign MoU

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Mozambique: M-Pesa and FARMAC sign MoU

2:33 CAT | 22 Sep 2022

Photo: Supplied

M-Pesa and FARMAC have linked resources to facilitate the payment process for medicines in public pharmacies.

Vodafone M-Pesa, a subsidiary of Vodacom Moçambique, and public company Farmácias de Moçambique (FARMAC) signed a memorandum of understanding in Maputo this Thursday, sealing a partnership between the two entities which will allow users of FARMAC pharmacies throughout the country to pay for their medicines through M-Pesa.

With this partnership, Vodafone M-Pesa S.A reinforces its role in making life easier for Mozambicans, providing an easy-to-use, fast and secure financial service.

This integration was possible thanks to the OPEN API, an open platform that allows any product or service provider to integrate and collect data from M-Pesa. This gives the more-than five million Vodafone M-Pesa customers another alternative to pay the cashier at FARMAC pharmacies.

By integrating with this platform, FARMAC hopes to reduce queueing time at pharmacies, with quick and safe access to collected amounts, better cash flow management, as well as the settlement of amounts directly with bank accounts.

“This partnership reinforces our main commitment, which is to contribute to the development of Mozambican society, ensuring that it is possible to move money easily, quickly and safely, thus promoting financial inclusion,” said Tawanda Gota, acting managing director of Vodafone M-Pesa.

“This initiative represents a decisive step towards achieving one of our noblest purposes: the continuous expansion of our services, to ensure that M-Pesa is available to all Mozambicans. It also represents a gain for all of us, as we not only become part of the lives of Mozambicans, but we also support them, so that they can purchase their medicines and pay simply and quickly, where in the country,” she added.

“In recent times, FARMAC has been adopting and developing strategies to benefit the company’s various interest groups,” Eusébio Macete, general manager of FARMAC contributed.

“Internally and externally, we have carried out several transformations, with a view to satisfying the desires of our users. Today, we have a considerable number of pharmacies properly supplied, able to respond positively to a medical prescription, at a rate above 80 percent. Still on the same path, in 2019, the company invested in the assembly and operation of the Manipulated Medicines Preparation Unit, for masterful prescriptions, as well as for providing therapeutic alternatives.

“Today, we are honoured to join Vodafone M-Pesa, in recognition of the role and relevance shown by this service in the country, in the expectation of providing users of our pharmacies with alternative means of payment when purchasing drugs,” Macete said..

Farmácias de Moçambique, Sociedade Anónima (FARMAC S.A) is a 100% Mozambican-owned company dedicated to the retail trade of medicines, vaccines and other products authorised to be sold in pharmacies. Being a pioneer in the field of medicine sales and with extensive experience in the area, FARMAC has a cumulative 45 years in the national market, and owns a network of 36 operational pharmacies, distributed throughout the national territory. Due to its trajectory and professionalism shown over the years, it is commonly considered a strategic vector for pharmaceutical development in Mozambique.

In turn, with more than five million customers and nine years of experience nationwide, M-Pesa is widely regarded as a convenient and easily accessible mobile financial platform.

Source: FARMAC and Vodacom / Media Release