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.