MoneyGram partners with SA’s FNB

VALUE ADDED SERVICES

-
Image: Guillaume Dewael of MoneyGram and FNB CEO Michael Jordaan. By FNB
Guillaume Dewael of MoneyGram and FNB CEO Michael Jordaan

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.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

New mobile microjobbing service offers businesses a unique crowdsourcing model

A 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 card

Econet’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 Money

Orange 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-Pesa

The 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 impact

A 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 Africa

Samsung 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 initiative

The 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 sector

Perago 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 insurance

MTN 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

Free Twitter on Econet

Econet Wireless is now offering free access to Twitter to all subscribers on Econet Broadband.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Widening ICT skills gap: Cause for concernWidening 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.

IN DEPTH

Kenya rolls out e-extension to improve agricultureKenya 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.