AIRTELAFRI Announces Strategic Partnership With MoneyGram

Thursday, August 20, 2020 / 11:45 AM / NSE / Header Image Credit: Ecographics

Airtel Africa plc ("Airtel Africa", or the "Group"), a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces a strategic partnership with MoneyGram, a global leader in cross-border P2P payments and money transfers.

Through this partnership, more than 19 million Airtel Money customers in 12 countries can route any MoneyGram transfer received from around the world into their mobile money wallets on their phone. It will also enable senders overseas to push funds instantly and directly to an Airtel Money mobile wallet in a more convenient way for customers.

This latest partnership is in line with the Group's strategy of expanding the range and depth of Airtel Money offerings to drive customer growth and penetration. The Group has been focused on building international money transfer services, through international partnerships, to connect millions of people to the global economy. The MoneyGram partnership builds on the momentum of existing partnerships with Mastercard and Western Union and combined with the recently announced extension of the partnership with WorldRemit will further accelerate the growth of our mobile money services.

Raghunath Mandava, CEO, Airtel Africa, said: "We are delighted to work with MoneyGram to provide millions of customers with fast, secure and convenient options to receive and send money as well as access their funds from a vast distribution of exclusive kiosks, agents and branches at their convenience. This is a significant step forward in our ambition to transform lives through greater financial inclusion and empowerment across the continent. Maximizing access to global remittances is a key part of this - even more so given the disruption and economic hardship faced by many as a result of the COVID-19 pandemic".

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