Unitel, an Angola-based mobile operator, has launched Unitel Money, a digital money service in the Central African country.

The technology will be available in all of the country's 18 provinces.

Users will be able to make deposits, withdrawals, transfers, and payments using their smartphones, all without the requirement for a bank account.

Unitel plans to reach over 3 million users in the mobile money sector, according to a statement, and the company will only be able to remain profitable if the number of consumers grows.

"Previously, we didn't have excellent profit prospects," said Miguel Geraldes, Unitel's General Director.

Unitel expects the platform's success to be aided by its extensive network of agents.

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