MoneyGram News

Herve Chomel, Vice President, MoneyGram Africa

MoneyGram reaches 25,000 locations across Africa: Herve Chomel, Vice President, MoneyGram Africa

MoneyGram, a leading global money transfer company, announces today that its agent network in Africa has now reached 25,000 locations, following a strategic expansion initiative across the continent.

Bob Collymore (Left), Safaricom's CEO, and Pamela Patsley (Right), MoneyGram International CEO

MoneyGram joins Western Union to partner with Safaricom, targeting over $1B in remittances sent to Kenya annually

Kenya’s Safaricom (SCOM.NR) and U.S. company MoneyGram International (MGI.O) have agreed a deal for money to be sent from abroad to Kenya through their money transfer services, targeting more than $1 billion sent in remittances every year.

A customer transfers cash to his mobile phone in Kenya's capital Nairobi

Mobile Money: The Battle for Africa

As enthusiasm for mobile-phone-based payments grows in Africa, operators are rushing to get a piece of potentially lucrative and ever-expanding markets and to challenge more popular and established mobile-payment services, such as Kenya’s M-Pesa.