Moneygram Launches ‘Money Transfer Service’ To All Mobile Wallets In Ghana
MoneyGram International – a global provider of money transfer services – has teamed up with Zeepay, a mobile financial service company, to allow customers to send money directly to all mobile wallets in the country in minutes.
MoneyGram customers in over 200 countries and territories can now send money online or in cash to over 11.8 million mobile wallets in Ghana, and it can be cashed-out at over 150,000 agent locations across the country.
According to the World Bank, remittances to Ghana stood at US$2.2 billion in 2017, which was an increase of 4.3 percent compared to 2016.
Mr. John Gely Moneygram Head of Africa said “The partnership with Zeepay makes it easier for our customers to send money to their families and friends in Ghana. This is an important step that will drive financial inclusion across the country – as customers can now receive money in cash, directly to their bank account or mobile wallet,”
Andrew Takyi-Appiah, Managing Director Zeepay mentioned: “According to GSMA, remittances into mobile wallets is the fastest-growing financial product in Africa, with a potential to reach over 250 million wallets. We believe this milestone achieved with MoneyGram will further accelerate growth of digital services in Ghana and help boost employment. This is the future of Africa’s digital ecosystem and we look forward to further rollouts across the continent.
Regional Head of MoneyGram, Patrick Appiah is confident this partnership will expand foreign direct investment in Ghana and also deepen financial inclusion.
Meanwhile, director of financial sector division at the Ministry of Finance has lauded this partnership stating it gives hope to Ghana’s Fintech industry.
Speaking to JoyBusiness, Sampson Akligoh posited the need for traditional banks to either adopt new measures to remain relevant in the wake of financial technology.
The MoneyGram-to-Mobile Wallet service allows the customer to send their remittances directly into any mobile wallet in Ghana. Key mobile wallets here include ZeePay wallets; Airtel-Tigo Mobile Money Wallets, Vodafone Mobile Money Wallets and MTN
MoneyGram customers in over 200 countries and territories can now send money online or in cash to over 11.8 million mobile wallets in Ghana, and it can be cashed-out at over 150,000 agent locations across the country.
According to the World Bank, remittances to Ghana stood at US$2.2 billion in 2017, which was an increase of 4.3 percent compared to 2016.
Mr. John Gely Moneygram Head of Africa said “The partnership with Zeepay makes it easier for our customers to send money to their families and friends in Ghana. This is an important step that will drive financial inclusion across the country – as customers can now receive money in cash, directly to their bank account or mobile wallet,”
Andrew Takyi-Appiah, Managing Director Zeepay mentioned: “According to GSMA, remittances into mobile wallets is the fastest-growing financial product in Africa, with a potential to reach over 250 million wallets. We believe this milestone achieved with MoneyGram will further accelerate growth of digital services in Ghana and help boost employment. This is the future of Africa’s digital ecosystem and we look forward to further rollouts across the continent.
Regional Head of MoneyGram, Patrick Appiah is confident this partnership will expand foreign direct investment in Ghana and also deepen financial inclusion.
Meanwhile, director of financial sector division at the Ministry of Finance has lauded this partnership stating it gives hope to Ghana’s Fintech industry.
Speaking to JoyBusiness, Sampson Akligoh posited the need for traditional banks to either adopt new measures to remain relevant in the wake of financial technology.
The MoneyGram-to-Mobile Wallet service allows the customer to send their remittances directly into any mobile wallet in Ghana. Key mobile wallets here include ZeePay wallets; Airtel-Tigo Mobile Money Wallets, Vodafone Mobile Money Wallets and MTN
Source:
PeaceFMOnline
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