Global provider of money transfer and payment services, MoneyGram, has launched a new service that enables its customers to send money directly into any mobile wallet in Ghana.
MoneyGram is offering the service in partnership with a local financial technology company, Zeepay Ghana Limited.
The service is available on all domestic mobile money wallet platforms – MTN Mobile Money, Vodafone Cash and Aitrel-Tigo Mobile Money Wallet – as well as the Zeepay wallets.
MoneyGram‘s customers in over 200 countries and territories can now send money online or in cash to over 11.8 million mobile wallets in Ghana, and it can be cashed-out at any agent locations across the country in minutes.
“The partnership with Zeepay makes it easier for our customers to send money to their families and friends in Ghana. This is an important step that will drive financial inclusion across the country – as customers can now receive money in cash, directly to their bank account or mobile wallet,” said John Gely, Head of MoneyGram, Africa.
Andrew Takyi-Appiah, Managing Director of Zeepay, said the new MoneyGram-to-Mobile wallet service would help drive down the cost of remitting money to Ghana, providing an easier and accessible platform to extend mobile financial services.
According to the World Bank, US$2.2 billion flowed into Ghana in 2017, an increase of 4.3 per cent compared to 2016, which made the country the fifth largest remittances recipient in Africa. The inflows come mainly from the United States, Nigeria, the United Kingdom, Italy and Germany.