Trade & Investment@ITRealms:
Leading global money transfer
company, MoneyGram has declared that
its agent network in Africa has now reached 25,000 locations, following a
strategic expansion initiative across the continent, reports ITRealms.
MoneyGram
Vice President for Africa, Mr. Herve Chomel in his remarks attributed this feat
to recent technology advances and new
agent as well as 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,” said Chomel.
He stressed that 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,” he asserted in a press statement from the Africa Press
Organisation (APO) and made available to ITRealms.
Consumers, he said, 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.
Additionally, he said, MoneyGram’s
services are available at over 500 Standard Bank locations in South Africa and
across 11 Southern and Eastern African countries.
According to Chomel, MoneyGram is
also implementing innovative self-service channels to make it more convenient
for consumers living in Africa or abroad to obtain needed funds
+Remmy Nweke (ITRealms) +MoneyGram
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Pix: MoneyGram Vice President for Africa, Mr. Herve Chomel
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