MoneyGram, a global provider of money transfer services, and Econet Wireless, the leading mobile operator in Zimbabwe, on 21 October 2015 announced the launch of a new service that enables customers from more than 200 countries and territories worldwide to transfer funds via EcoCash, Zimbabwe’s mobile money transfer solution.
This new offering means that more than 4,9 million EcoCash subscribers and MoneyGram customers can receive funds across the EcoCash network at any time, day or night, and from any place. Consumers can access MoneyGram’s services at more than 20 000 EcoCash locations across Zimbabwe or at any one of MoneyGram’s agent locations worldwide.
The launch was celebrated at a press conference in Zimbabwe, which was attended by Herve Chomel, the MoneyGram Vice President for Africa and Anton Luttig, MoneyGram’s regional director of southern and eastern Africa.
According to Chomel, “Our activation with EcoCash, a leader in Zimbabwe’s mobile money realm, furthers MoneyGram’s vision of expanding our self-service offerings to ensure an unparalleled customer experience,” he said.
“With the service, we are offering millions of consumers, many in remote areas of the country, access to a fast, reliable and secure method of transferring money, much of which is used to purchase life essentials and daily expenses,” Chomel further explained.
Funds will be transferred via EcoCash, which is rated as the second fastest-growing mobile money solution in Africa.
“We have a strong presence in Zimbabwe’s digital environment and we are excited to link up with MoneyGram to utilize the company’s global footprint and bring more options to our consumers,” says Douglas Mboweni, Econet Wireless Chief Executive Officer.
Consumers have access to MoneyGram in more than 50 African countries, and the company is working to support economic development across the continent through expanded alternative channels like the EcoCash service.