28 September 2016
Find out more

Vodafone partners MoneyGram on M-Pesa remittances

11 February 2014  |  5394 views  |  0 Mobile phone turning to cash

Vodafone has struck a deal with MoneyGram which will enable people to transfer funds directly from around 200 countries to users of the M-Pesa mobile money service.

Consumers will be able to send money to M-Pesa accounts from MoneyGram's 334,000 agents around the world as well as from the firm's Web site and through its mobile apps.

The service will be made available in "key markets" in the second quarter before a wider roll out to all countries in which MoneyGram operates. Money can be sent to M-Pesa account holders in Kenya, the Democratic Republic of Congo, Egypt, Fiji, India, Lesotho, Mozambique, South Africa and Tanzania.

The partners hope to take advantage of the fact that more than half of all people in the countries in which M-Pesa operates do not have traditional bank accounts and that tens of billions of dollars in remittances is sent back to them every year.

Michael Joseph, Vodafone director of M-Pesa, says: "Our partnership with MoneyGram provides the most extensive global network and greatest number of access points for consumers wishing to transfer funds to M-Pesa users."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

New Kenyan regulations threaten M-Pesa's dominance

New Kenyan regulations threaten M-Pesa's dominance

15 October 2013  |  6784 views  |  0 comments | 7 tweets | 9 linkedin
PayPal and MoneyGram form US alliance

PayPal and MoneyGram form US alliance

06 August 2013  |  7029 views  |  1 comments | 11 tweets | 12 linkedin
Safaricom upgrades M-Pesa platform for faster payments

Safaricom upgrades M-Pesa platform for faster payments

04 June 2013  |  5615 views  |  0 comments | 14 tweets | 5 linkedin
Safaricom opens M-Pesa mobile banking service

Safaricom opens M-Pesa mobile banking service

28 November 2012  |  7441 views  |  0 comments | 9 tweets | 2 linkedin
World Bank calls for payments deregulation to boost remittance flows

World Bank calls for payments deregulation to boost remittance flows

23 November 2012  |  8694 views  |  2 comments | 17 tweets | 6 linkedin
Moneygram pays $100m to settle wire fraud charges

Moneygram pays $100m to settle wire fraud charges

20 November 2012  |  5885 views  |  0 comments | 12 tweets | 3 linkedin
Vodafone to expand M-Pesa remittance services to 35 countries

Vodafone to expand M-Pesa remittance services to 35 countries

23 October 2012  |  7970 views  |  1 comments | 8 tweets | 6 linkedin
M-Pesa launches in South Africa

M-Pesa launches in South Africa

16 February 2010  |  12665 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.smartstream-stp.comVisit capgemini.comVisit colt.net

Who is commenting?

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
14239 views comments | 55 tweets | 48 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
8927 views comments | 33 tweets | 18 linkedin
Banks clubbing together to tackle KYCBanks clubbing together to tackle KYC
7950 views comments | 3 tweets | 8 linkedin
FCA to kickstart sandbox with 24 applicantsFCA to kickstart sandbox with 24 applicant...
7260 views comments | 33 tweets | 15 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
7247 views comments | 14 tweets | 30 linkedin

Featured job

Find your next job