Vodafone and MoneyGram have joined hands for expanding mobile money services.
The association will enable consumers to transfer funds directly from around 200 countries to the millions of users of M-Pesa.
This service will be launched in key markets during the second quarter of 2014, with additional roll-out planned throughout the remainder of the year.
The agreement will allow consumers who visit MoneyGram’s 334,000 agents to send funds directly to M-Pesa accounts. MoneyGram customers can transfer money to an M-Pesa user through moneygram or via a mobile app, available on iPhone, Android and Windows 8 phones.
M-Pesa is available in countries such as the Democratic Republic of Congo, Egypt, Fiji, India, Kenya, Lesotho, Mozambique, South Africa and Tanzania. Additional markets for M-Pesa will be added during 2014.
Michael Joseph, Vodafone Director of M-Pesa, said: “There is huge demand for sending funds back to family and friends in your home market and an estimated $90 billion per year is transferred to M-Pesa markets from around the globe.”
picture source: telecoms.com
