MoneyGram, a provider of global payment services and Affinity Global Services, a mobile financial services company, have signed an agreement that will enable mobile money transfer receives in important markets around the globe.
Reportedly, Affinity Global Services will provide technical connectivity between MoneyGram and various mobile network operators. The MoneyGram mobile money transfer service will use Affinity Global’s MADE Platform, enabling it to connect to virtually any mobile network operator. Moreover, the parties are currently in discussion with a mobile network operator to launch the service to consumers later this year.
The MoneyGram and Affinity Global Services alliance is expected to allow consumers to use MoneyGram’s agent network of over 180,000 locations around the world to send money to an account associated with a mobile device.
Anthony Ryan, president and CEO of MoneyGram, said: “Our relationship with Affinity Global Services will significantly enhance our agent network by allowing us to partner with mobile network operators in key corridors such as Latin America, Asia and Africa, and provide convenient, affordable and reliable money transfer services to consumers around the world.”
