If you’ve ever used MoneyGram to send or receive money, you’re likely to have gone to a physical location such as a bank or an agent to make that transaction.
In most cases, you’ll likely to have commuted to the nearest bank branch where MoneyGram transactions are done, wasted time queuing up to perform the transaction, filled out a form requesting details of the sender and the receiver, then contacting the receiver to inform them of the necessary details of the money transaction before they pick up the funds — in all cases using a valid identification.
Now, all of these hurdles can be jumped, thanks to MoneyGram’s new money transfer service that wants to enable customers around the world to send money directly to more than 11 million mobile wallets in Ghana.
With this service in partnership with Zeepay, MoneyGram is offering real-time, seamless service to its customers and giving them the flexibility of choosing how to receive their funds whether at a physical location, directly to a bank account or via a mobile wallet.
According to the company, the funds can be sent via MoneyGram online or at any one of MoneyGram’s thousands of locations in 200 countries and territories around the world into mobile wallets in a matter of minutes.
The money can also be accessed anytime and used instantly for purchasing goods and services online. Meanwhile, the receiver could also pick up their remittance in cash at over 2,000 banking partners’ locations across the country or have it debited into a bank account.
Zeepay’s managing director, Andrew Taki Appiah believes that the move will greatly impact on the financial ecosystem in Ghana and hopes to replicate the service in other African countries in the near future.
“Together with MoneyGram, we are building the future digital payments ecosystem in Ghana. I look forward to seeing the launch of similar services in other African countries,” he said.
MoneyGram’s new money transfer service targets mobile wallets in Ghana was originally published in Techloy – Latest news, startups, apps, gadgets and events in Africa. on Medium, where people are continuing the conversation by highlighting and responding to this story.