MoneyGram partners with SA’s FNB
VALUE ADDED SERVICESBy BiztechAfrica - July 26, 2012, 3:56 p.m.
Global money transfer company MoneyGram has officially signed on First National BANK (FNB) in South Africa.
South Africa is the third largest recipient of African migrants in the world, estimated at 1,86m individuals. Close to 900 000 South Africans have also left their country of birth and then send money back to their families. Almost 50% of all remittance users remit funds once a month.
MoneyGram says the new partnership brings the number of agents in South Africa to 3 and total network of around 976 locations, doubling its current footprint in South Africa.
Plans are already in place to develop three additional channels for the service, starting with mobile, ATMs and then online. The mobile channel is expected to be ready within the next two months.
“MoneyGram International is excited to officially launch the FNB MoneyGram service. This will afford MoneyGram customers in South Africa an opportunity to either send or receive their remittances through all FNB locations, giving them increased convenience of a large agent network”, said Guillaume Dewael, MoneyGram VP for France-Africa-Benelux.
“Whilst we are certainly not the first bank to offer remittances such as MoneyGram, we do believe that we have enhanced the customer experience to making it quick, easier and more affordable for FNB customers in both customer facing and electronic channels,” said Michael Jordaan, CEO of FNB.
MORE VALUE ADDED SERVICES NEWS
New mobile microjobbing service offers businesses a unique crowdsourcing modelA new mobile microjobbing service is set to give businesses, NGOs and government organisations a new way to crowdsource information and interact directly with the South African public. Read More
EcoCash launches MasterCard debit cardEconet’s Mobile Money service has announced an agreement with MasterCard expected to help reduce cash dependence and increase financial inclusion through the provision of electronic payments in Zimbabwe. Read More
Subscribers to get 25% airtime bonus via Orange MoneyOrange has launched a promotion enabling its subscribers enjoy a 25% airtime bonus when they top up their airtime via Orange Money. Read More
Airtel wins case to open up M-PesaThe Communications Authority of Kenya (CAK) has ordered Safaricom to open up its M-Pesa platform after Airtel Kenya filed a petition. Read More
Revolutionary second screen partnership enhances Dream School SA impactA popular South African TV series in which youths who have dropped out of school are coached by celebrities, has expanded its reach through a partnership with WeChat. Read More
Samsung Partners in good health for Sub-Saharan AfricaSamsung Electronics is supporting the GSMA Mobile for Development mHealth programme on a range of mHealth services in Africa. Read More
New partners join ITU’s Be He@lthy, Be Mobile initiativeThe International Telecommunication Union has announced that global healthcare company GSK and Public Health England (PHE) will join Be He@lthy, Be Mobile, an initiative which it leads in collaboration with the World Health Organization (WHO). Read More
SIA Group enters African card payments sectorPerago has signed an agreement with Swish Payments to support its new m-commerce initiative in Africa and Europe. Read More
MTN partners Salt & Einstein MTS, NHIS on insuranceMTN Nigeria says it has partnered Salt & Einstein MTS and the National Health Insurance Scheme (NIHS) to help push health insurance to many people in the country leveraging on its wider reach. Read More
FEATURED STORYWidening ICT skills gap: Cause for concern
Nigeria's FDI gains could be eroded by the widening gap in indigenous skilled ICT manpower, writes Kokumo Goodie.
BEST READ NEWS
IN DEPTHKenya rolls out e-extension to improve agriculture
In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.