Moneygram, Zeepay unveils money transfer service to all mobile wallets

By
Morkporkpor Anku, GNA

Accra, Sept. 15, GNA – Management of
MoneyGram, a global provider of money transfer services and Zeepay, a mobile
financial services company, have launched MoneyGram to Mobile transfer service
directly to all major mobile wallets in Ghana.

The platform enables customers to receive
their remittances in cash, directly to the mobile money wallet in Africa’s
fifth largest remittance recipient market.

With over 11 million active mobile wallets in
Ghana, this collaboration aligns with MoneyGram’s strategy to drive financial
inclusion worldwide by offering convenient and accessible, technology-based
financial services.

According to the World Bank, in 2017, $2.2
billion flowed into Ghana, mainly from the United States ($585 million),
Nigeria ($395 million), the United Kingdom ($286 million), Italy ($145 million)
and Germany ($115 million).

Mr Sampson Akligoh, Director Financial Sector
Division, Ministry of Finance speaking at the launch said Zeepay was
championing a very important process in what government wants to do with
financial inclusion in the country.

He said as at 2016, government actually
prepared a whole strategy to achieve about 90 per cent terms financial
inclusion.

He said government was putting a whole
strategy in place to pass for the digital financial services with the focus on
digitalization.

He said remittances were not only important to
the economy but also its central to poverty alleviation in the country.

He said countries needed to leverage on the
significant of the mobile money service to transform the remittance space.

He said government has development the digital
financial services policy to leverage on the economic benefit of the
digitalization.

Mr Andrew Taki-Appiah, Managing Director at
Zeepay said “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 the milestone achieved with the
partnership with MoneyGram would further accelerate growth of digital services
in the country and help boost employment.

“This is the future of Africa’s digital
ecosystem and we look forward to further rollouts across the continent,” he
added.

Mr John Gely, MoneyGram’s Head of Africa said
the partnership with Zeepay makes it easier for their customers to send money
to their families and friends in Ghana.

He said this was an important step that would
drive financial inclusion across the country as customers could now receive
money in cash, directly to their bank account or mobile wallet. 

He said Funds could 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 minutes.

He said the receiver may also pick up their
remittance in cash at over 2,000 banking partner locations across the country
or have it debited into a bank account.

GNA

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