Global provider of innovative money transfer and payment services, MoneyGram has partnered with Zeepay to extend its mobile money and remittance services across the world to ensure that individuals can now receive money into their mobile money wallet no matter the location.
“This is an important milestone for MoneyGram in Ghana as we’re now offering real-time, seamless service to our customers and giving them more choices about how to receive their funds – at a physical location, directly to a bank account or a mobile wallet,” said Grant Lines, MoneyGram’s chief revenue officer. “Giving consumers the flexibility to choose between digital and cash pick-up is, and will continue to be, a competitive advantage for the company.”
The Regional Head of MoneyGram, Patrick Appiah and Zeepay Ghana Managing Director, Andrew Takyi-Appiah are however confident that the partnership will expand foreign direct investment in Ghana, which will deepen financial inclusion and also increase remittances in Ghana by $1 billion each year.
Andrew Takyi-Appiah noted that the partnership is indicative of the potential of local businesses in the country.
The director of financial sector division at the Ministry of Finance, Sampson Akligoh, commended the partnership stating it gives hope to Ghana’s Fintech industry.
Additionally, Akligoh noted the need for traditional banks to either adopt new measures to remain relevant in the wake of financial technology.
The MoneyGram-to-Mobile Wallet service allows the customer to send their remittances directly into any mobile wallet in Ghana. Key mobile wallets here include ZeePay wallets; Airtel-Tigo Mobile Money Wallets, Vodafone Mobile Money Wallets and MTN.