admin
Oliver Kazunga Senior Business Reporter
MONEYGRAM has partnered Econet Wireless Zimbabwe to launch a mobile money transfer service that will see customers in more than 200 countries worldwide transferring funds via EcoCash.
EcoCash is a mobile money transfer service that was introduced by the country’s leading mobile network operator, Econet in 2013.
In a statement, MoneyGram said the new offering means its customers and more than 4,9 million EcoCash subscribers can now receive funds across Econet’s mobile money transfer platform anywhere and at any time.
“MoneyGram and Econet . . . announce the launch of a new service that enables customers from more than 200 countries and territories worldwide to transfer funds via EcoCash.”
“The new offering means that more than 4.9 million EcoCash subscribers and MoneyGram customers can receive funds across the EcoCash network at any time, day or night, and from any place.
“What’s more, consumers can access MoneyGram’s services at more than 20,000 EcoCash locations across Zimbabwe, or at any one of MoneyGram’s agent locations worldwide,” said the global provider of innovative money transfer service.
Herve Chomel, MoneyGram’s vice president for Africa said: “Our activation with EcoCash, a leader in Zimbabwe’s mobile money realm, furthers MoneyGram’s vision of expanding its self-service offerings to ensure an unparalleled customer experience.
“With the service, we’re offering millions of consumers, many in remote areas of the country, access to a fast, reliable and secure method of transferring money, much of which is used to buy life essentials and daily expenses.”
EcoCash is the second fastest growing mobile money solution in Africa.
Econet Zimbabwe chief executive officer Douglas Mboweni commented:
“We’ve a strong presence in Zimbabwe’s digital environment and we’re excited to link up with MoneyGram to utilise the company’s global footprint and bring more options to our consumers,”
In-wallet remittances, he said, were becoming more topical and not only in driving access to international remittances for the previously unbanked but also driving further financial inclusion as they link the diaspora and home.
“By working with MoneyGram, we’ll help reach more consumers who rely on our domestic and international remittance services to handle their daily financial needs.”
Consumers have access to MoneyGram in more than 50 African countries, and the company is already working to support economic development across the continent through expanded alternative channels like EcoCash.
Online Reporter