M-Pesa, MoneyGram in money transfer service agreement

Wednesday, February 12, 2014

M-Pesa – through its parent company Vodafone – and global money transfer and payment services firm MoneyGram have signed an agreement enabling consumers to transfer funds directly from around 200 countries to the millions of M-Pesa users

With the agreement, it will also be possible for consumers who visit Money Gram’s 334,000 agents across the globe to send funds directly to M-Pesa accounts. MoneyGram customers can also transfer money to an M-Pesa user throughmoneygram.com or via a mobile app, available on iPhone, Android and Windows 8 phones.

Source: Human IPO (link opens in a new window)

digital payments, mobile finance, remittances