The Bank of Sierra Leone has announced that the grace period for exchanging old Leones has ended, meaning the pre-redenomination notes and coins are no longer legal tender as of January 1, 2024.
However, there’s still a window of opportunity to swap your old bills for the new ones. If you still have old Leones, don’t panic! You have until March 31st to exchange them for the new currency.
Individuals and businesses that are still in possession of the old Leone are encouraged to effect the change at any commercial bank between the 1st January 2024 and 31st March 2024. Most banks will be happy to exchange your old Leones for the new ones during the designated period.
If you can’t get to a commercial bank, you can also exchange your old Leones at the Bank of Sierra Leone or its designated agents.
After March 31st, the commercial banks may no longer accept old Leones. You can only exchange them at the Bank of Sierra Leone or its designated agents.
The redenomination of the Leone was introduced in July 2022 to address inflation and make the currency easier to use. The new Leones are worth 1,000 times the value of the old Leones.
The Management Orange Mobile Money Finance SL Ltd has issued a Disclaimer disassociating itself from Super Advertis.
According to the disclaimer, Orange Mobile Money Finance revealed that they are not in partnership with Super Advertis nor have any contractual dealings or in any way associated with the business/company.
The disclaimer states “It has come to our notice that a company/business called Super Advertis has been communicating with the general public through several media channels, requesting them to send/deposit undisclosed sums of money to them through several platforms including Orange Money for reasons/purpose that are unclear to us.
We would do not like to inform the general public that Orange Mobile Finance SL Ltd is not in partnership nor have any contractual dealings or in any way associated with Super Advertis. Any of our customers that transacts with the said company/business will be doing so at his/her own risk,”
Orange Money is offering its customers the opportunity to send money with absolutely no charges.
This limited-time offer allows users to make transactions without incurring any fees, making it easier and more affordable to send money to family and friends.
To take advantage of this incredible offer, all you need to do is download the Orange Money App on your Android or iPhone device. Here are the download links:
This free money transfer promotion is available until the 31st of October, 2023, so don’t miss out on the opportunity to send money to your loved ones without any charges. Make your transactions hassle-free with Orange Money today!
Africell, one of the leading mobile money service providers, has announced a new, customer-centric initiative. Under the slogan, “Send Money for FREE everyday on Afrimoney,” the company is now offering its users the opportunity to send money without incurring any charges, regardless of the transaction amount.
Africell’s Afrimoney, a trusted mobile money platform, has long been recognized for its commitment to customer satisfaction and its dedication to simplifying financial transactions for its user base. This new offer underscores the company’s mission to make financial services more accessible and affordable for all.
Africell confirmed this new offer in their recent SMS message they sent to their customers, “Send Money for FREE everyday on Afrimoney. Zero charges, no matter the amount EVERYDAY only on Afrimoney. Dial 1611# now. Afrimoney cares for you.”
From their message, customers are now able to send money to friends, family, or business associates without the burden of fees or transaction costs. This bold move aligns with Afrimoney’s motto, “Afrimoney cares for you,” demonstrating the company’s unwavering commitment to the financial well-being of its customers.
To take advantage of this exciting offer, customers can simply dial 1611# on their mobile devices and follow the prompts to initiate fee-free money transfers on Afrimoney. This initiative is set to make a significant impact on mobile money services in the region, empowering users to manage their finances with greater ease and convenience.
Africell’s Afrimoney is expected to gain even more prominence in the mobile money service sector with this initiative, setting a precedent for affordable and customer-friendly financial solutions in the region.
Orange Money, the leading mobile money transaction services in Sierra Leone has made clarifications to its customers on the new 15% GST increment on its services.
The 15% GST increment on all Orange Money transactions came into effect on Sunday 15th October 2023 which sparked contravenes among customers for lack of better understanding of the new tariff.
According to Orange Money, the cash-out fee of 1-14.99 is 0.45 with a GST of 0.07 and a total fee of 0.52, while 15-29.99 fee is 0.97 with a GST of 0.12 and a total fee of 0.91.
Sierra Leone’s mobile money providers Orange and Africell, have begun implementation of the Goods and Services Tax (GST) on all their financial services.
The implementation took effect today October 15, 2023, in line with the recently introduced Finance Act of 2023.
For consumers, the introduction of GST means it will now cost more money to use mobile money services.
🔵 Clarification on Africell Cash Out Charges with GST🔵
❕For 100: Old Charge: 3.05, New Charge with 15% GST: 3.51
❕For 500: Old Charge: 11, New Charge with 15% GST: 12.65
❕For 1000: Old Charge: 20, New Charge with 15% GST: 23
❕For 2000: Old Charge: 35, New Charge with 15% GST: 40.25
🟠 Clarification on Orange Cash Out Charges with GST 🟠
❕For 100: Old Charge: 3.05, New Charge with 15% GST: 3.51
❕For 500: Old Charge: 11.5, New Charge with 15% GST: 13.23
❕For 1000: Old Charge: 26.1, New Charge with 15% GST: 30.02
❕For 2000: Old Charge: 43.5, New Charge with 15% GST: 50.03
Kindly note that the 15% GST is applied on the transaction fees, NOT on the cashout amount.
Leading mobile money providers in Sierra Leone, Orange and Africell, have announced a new date for the implementation of the Goods and Services Tax (GST) on all their financial services.
Set to begin on October 15, 2023, this move is in direct response to the recently introduced Finance Act of 2023.
Africell relayed the forthcoming changes through an announcement which stated, “As of 15th October they will be updating all Mobile Money Fees to reflect GST. This adjustment will take effect on the 15th of October 2023 and this is in accordance with the Finance Act of 2023…”
Orange also shared a message to its customers saying: “Dear Customer, Please note that in compliance with the new Finance Act, all our Orange Money fees will be updated to reflect GST. This will come into effect on 15th October 2023.”
With the integration of GST, users who frequently use mobile money for their financial dealings can expect changes in the overall fee structure. All charges and fees will now be inclusive of the newly imposed GST.
Despite the impending fee alterations, Orange Money expressed its gratitude to its vast customer base for their unwavering support. They also emphasized their commitment to delivering high-caliber services. This GST incorporation is seen as a strategic alignment with the nation’s evolving financial and tax regulations, cementing Orange Money’s position as a compliant and reliable mobile money service provider.
For consumers, the bottom line is clear: the introduction of GST means it will now cost you more money to use mobile money services.
Two of Sierra Leone’s major mobile networks Africell and Orange have announced the introduction of GST tax addition for any Money transfer done.
The mobile companies disclosed this in an SMS sent to some subscribers this week.
Mobile money is very popular in Sierra Leone especially in rural areas where access to banks are limited.
One Africell subscriber shared with Sierraloaded the notification which read, “Dear Customer, please note that in compliance with the new Finance Act, all Afrimoney fees will be updated to include GST. This will come into effect on the 15th of September 2023.”
That is, the new charges will take effect starting September 15.
This is a wake-up call to all mobile money users that the rate for any transfer will from September 15 include a GST that will add more to the normal transfer fee usually paid by users.
Looking to transfer money to Sierra Leone? Look no further! Ezipay SL offers a trustworthy and professional service that you can rely on.
They understand the value of your hard-earned money and are committed to ensuring the safety and security of your transfers.
EziPay SL offers a range of services that go beyond just sending money. With this app, you can buy EDSA top-up, pay for purchases, and even buy airtime for Orange and Africell.
This means that you can stay connected with your loved ones and ensure that they have all the essential services they need.
One of the key features of EziPay SL is the ability to transfer funds to Afrimoney and Orange Money. These are the two leading mobile money platforms in Sierra Leone, and with EziPay SL, you can send money directly to these platforms. This means that your loved ones can access the funds easily and use them for their daily needs or emergencies. The convenience and accessibility of EziPay SL make it the ideal choice for sending money to Sierra Leone.
Another advantage of using EziPay SL is the security it offers. EziPay SL uses industry-leading encryption technology to protect your financial information. This gives you peace of mind, knowing that your money and personal data are safe and secure. Additionally, EziPay SL complies with all relevant regulations, ensuring that your transactions are legal and transparent.
Ezipay SL is your go-to service. With their reliable and professional service, competitive rates, low fees, secure transfers, convenient management options, and real-time transaction tracking, we make sending money a breeze. Trust Ezipay SL for all your money transfer service.
Download the Ezipay SL app today on Google Playstore and App Store and start sending money to Sierra Leone with ease, convenience, and peace of mind. Your loved ones will thank you for it!
Nowadays, being in a possession of a secure, affordable and convenient way to store and transfer money is necessary. Ezipay SL which is arguably one of the leading digital wallet service in Sierra Leone allows users to manage their funds with ease.
What sets Ezipay SL apart from other digital wallets is the multiple ways in which users can add funds to their wallet, ensuring flexibility and simplicity.
Orange Money: One of the most popular and widely used mediums to add funds to your Ezipay SL wallet is through Orange Money. Orange Money is a mobile money transfer service that allows users to deposit money into their Ezipay SL wallet directly from their Orange Money account.
This secure and flexible method is ideal for individuals who prefer to use their mobile devices for financial transactions. Simply link your Orange Money account to your Ezipay SL wallet and transfer funds effortlessly.
Visa/Master Card: For those who prefer the convenience of using their debit or credit cards, Ezipay SL also offers the option to add funds using Visa or Master Card. Whether you are making a one-time deposit or regularly adding funds to your wallet, this method ensures a seamless and secure transaction.
Simply enter your card details, select the amount you wish to add, and confirm the transaction. With Ezipay SL’s robust security measures, you can rest assured that your card information is protected at all times.
Authorized Merchants: Another way to add funds to your Ezipay SL wallet is through an authorized merchants. Ezipay SL has established partnerships with numerous merchants across the country, allowing users to deposit cash into their wallet at these authorized locations.
This method is ideal for individuals who prefer to handle physical cash and may not have access to digital payment options. Simply visit a nearby authorized merchant, provide the desired amount in cash, and have it added to your Ezipay SL wallet instantly. Regardless of the method you choose, adding funds to your Ezipay SL wallet is a breeze.
With the growing popularity of digital wallets in Sierra Leone, Ezipay SL strives to provide its users with multiple options to cater to their individual preferences. By offering mediums like Orange Money, Visa/Master Card, and authorized merchants, Ezipay SL ensures that users can easily add funds to their wallet and have complete control over their finances.
Ezipay SL offers multiple ways to add funds to your wallet, providing users with the flexibility and convenience they need in today’s digital age. Whether you prefer mobile money transfers, card payments, or cash deposits, Ezipay SL has got you covered. So why wait? Take advantage of these various mediums and add funds to your Ezipay SL wallet today!
Get the app here:https://linktr.ee/ezipaysl or find it on Google Play Store or App Store. If you need help or have questions, you can contact them on WhatsApp or call +232 80 626010. They’re always there to improve your Ezipay SL experience. #ezipaysl #justezipayit #moneytransfer #Sierraleone #Sierraleonean
