" ITREALMS: MoneyGram now in 25,000 locations in Africa

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Tuesday, February 17, 2015

MoneyGram now in 25,000 locations in Africa

Trade & Investment@ITRealms:
Leading global money transfer company, MoneyGram has declared that its agent network in Africa has now reached 25,000 locations, following a strategic expansion initiative across the continent, reports ITRealms.

MoneyGram Vice President for Africa, Mr. Herve Chomel in his remarks attributed this feat to recent technology advances and new agent as well as 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,” said Chomel.

He stressed that 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,” he asserted in a press statement from the Africa Press Organisation (APO) and made available to ITRealms.

Consumers, he said, 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.

Additionally, he said, MoneyGram’s services are available at over 500 Standard Bank locations in South Africa and across 11 Southern and Eastern African countries.

According to Chomel, MoneyGram is also implementing innovative self-service channels to make it more convenient for consumers living in Africa or abroad to obtain needed funds

Just as MoneyGram recently consummated an agreement with Safaricom that affords 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.

+Remmy Nweke (ITRealms) +MoneyGram 

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Pix: MoneyGram Vice President for Africa, Mr. Herve Chomel

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