Consumers have access to MoneyGram’s services in more than 50 African countries
NAIROBI, Kenya, February 17, 2015/ -- MoneyGram (NASDAQ: MGI) (http://www.moneygram.com),
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.
Photo 1: http://www.photos.apo-opa.com/index.php?level=picture&id=1751 (MoneyGram Vice President Africa Herve Chomel Making his remarks)
“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.
Media Contact:
Michelle Buckalew
214-979-1418
About MoneyGram International, Inc.
MoneyGram (http://www.moneygram.com),
a leading money transfer company, provides essential services to
consumers who are not fully served by traditional financial
institutions. MoneyGram offers worldwide money transfer services in more
than 200 countries and territories through a global network of 347,000
agent locations, including retailers, international post offices and
banks. MoneyGram also offers bill payment services, issues money orders
and processes official checks in select markets.
SOURCE
MoneyGram International, Inc.
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