24 June 2018
Visit www.worldwealthreport.com/

MoneyGram African agent network reaches 25,000 locations

17 February 2015  |  2008 views  |  0 Source: MoneyGram

MoneyGram, a leading global money transfer company, announces today that its agent network in Africa has now reached 25,000 locations, following a strategic expansion initiative across the continent.

Recent technology advances and new agent and sub-agent signings, including an agreement with the Mauritius Post Office to offer money transfer services at more than 100 locations, have contributed to achieving this company milestone.

"MoneyGram continues to grow throughout Africa as a result of forming strategic relationships with reputable companies, including banks, post offices and retailers, to bring added convenience and more choices for our customers," says Herve Chomel, MoneyGram's vice president of Africa. "Remittances are an important part of economic development and financial inclusion throughout the region and are integral to providing household essentials, education and healthcare in many countries. We are excited to be a part of the region's growth."

Consumers have access to MoneyGram's services in more than 50 African countries. In a series of recent successes, the company signed an agreement with First Bank of Nigeria's subsidiaries in Ghana, Sierra Leone, and the Gambia, and also renewed a master agreement with Standard Bank Group, one of Africa's top banks. MoneyGram's services are available at over 500 Standard Bank locations in South Africa and across 11 Southern and Eastern African countries.

MoneyGram is also implementing innovative self-service channels to make it more convenient for consumers living in Africa or abroad to obtain needed funds. The company recently announced an agreement with Safaricom that enables consumers in over 90 countries outside Kenya to send funds directly to nearly 20 million customers of M-PESA, Kenya's leading mobile wallet provider.

Distributed by APO (African Press Organization) on behalf of MoneyGram International, Inc. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.aciworldwide.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
26741 views comments | 7 tweets | 8 linkedin
Robots save Nordea from GDPR processing nightmareRobots save Nordea from GDPR processing ni...
9438 views comments | 10 tweets | 18 linkedin
BIS: Cryptocurrencies are an environmental disaster that could break the InternetBIS: Cryptocurrencies are an environmental...
8905 views comments | 18 tweets | 23 linkedin
ING and BNP Paribas invest in blockchain-powered trade platform TradeIXING and BNP Paribas invest in blockchain-p...
7606 views comments | 15 tweets | 27 linkedin

Featured job

(GBP Equivalent) Six-Figure Base + OTE + Benefits
New York City, NY - USA

Find your next job