MoneyGram to Improve Channels for Remittances
With over 25,000 agent network locations in Africa, MoneyGram, a global money transfer company, says it is implementing self-service channels in over 90 countries to improve remittances.
The company announced this, following a 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, had contributed to achieving this company milestone, the company said in a statement.
The company also said it was implementing innovative self-service channels to make it more convenient for consumers living in Africa or abroad to obtain needed funds.
The Vice President of MoneyGram, Africa, Herve Chomel, said that MoneyGram’s growth in Africa is as a result of forming strategic relationships with reputable companies, including banks, post offices and retailers, to bring added convenience and more choices for customers.
“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.” Chomel said.
The company already signed an agreement with First Bank of Nigeria’s subsidiaries in Ghana, Sierra Leone, and the Gambia. It also renewed a master agreement with Standard Bank Group, one of Africa’s top banks.
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