Safaricom, Moneygram sign money transfer deal

Tuesday 11 November 2014 11:48 CET | News

MoneyGram and Kenyan mobile network operator Safaricom, have jointly launched a service that enables consumers in over 90 countries outside Kenya to send money directly to M-Pesa, a mobile money transfer solution.

The introduction of the new service will mean that M-Pesa subscribers will be able to receive funds into their account anytime. Consumers can visit MoneyGram locations in 90 countries or MoneyGram Online to send funds to an M-Pesa customer in Kenya. The M-Pesa customer will receive an SMS confirming that the funds have arrived and will be able to collect the cash from an M-Pesa agent.

In recent news, MoneyGram has inked a deal to acquire Nexxo Financial’s money transfer kiosk business and to become the preferred money transfer and bill payment partner for Nexxo Financial.

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Keywords: Safaricom, MoneyGram, money, Transfer, M-Pesa, mobile money, Kenya, SMS, MoneyGram Online
Categories: Payments & Commerce
Countries: World
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