MoneyGram Reaches 25,000 Locations Across Africa


moneygramMoneyGram, a leading international transfer company, has announced that its agent network in Africa has now reached 25 000 locations, this after 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 led to achieving this company milestone.

Whether you need to transfer money locally or across the globe, or need a place to receive a money transfer, MoneyGram is always at your reach. MoneyGram provides important services to consumers who are not adequately served by conventional financial institutions. Consumers have access to MoneyGram’s services in more than 50 African countries. 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. The company’s recent accomplishments include; signing an agreement with First Bank of Nigeria’s subsidiaries in Ghana, Sierra Leone, and the Gambia, and also renewing a master agreement with Standard Bank Group, which is one of Africa’s top banks.MoneyGram Vice Pres of Africa

In a press release on the announcement, MoneyGram’s vice president of Africa Herve Chomel said, “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.” He also mentioned that remittances are a crucial part of economic development and financial inclusion throughout the region and are essential to providing household essentials, education and healthcare in many countries.

MoneyGram is also currently implementing innovative self-service channels to make it easier for people living in Africa or abroad to obtain needed funds. The company recently announced an agreement with Safaricom that allows consumers in over 90 countries outside Kenya to send funds directly to almost 20 million customers of M-PESA which is Kenya’s leading mobile wallet provider.

MoneyGram’s services are available at over 500 Standard Bank locations in South Africa and across 11 Southern and Eastern African countries. MoneyGram also offers bill payment services, issues money orders and processes official checks in select markets.