Wed. May 22nd, 2024

By Godfrey Olukya 17-2-2015

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.

A statement issued by MoneyGram international said that 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

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.



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