MoneyGram International, a provider of payment services, has expanded its money transfer services in Morocco with the introduction of a cash-to-card programme offered by the company’s agent Credit du Maroc. In addition, MoneyGram has doubled its network in Kenya, Angola and Ethiopia through several newly signed agents.
Through MoneyGram’s cash-to-card programme, money transfers sent to Morocco can now be added to Credit du Maroc’s pre-paid card as part of a service called Daba Daba Floussek or “Your Money Right Now”. Funds added to the card are available at any of the country’s nearly 4,000 automated teller machine locations, extending MoneyGram’s reach into rural villages and large cities across Morocco, said MoneyGram.
In Kenya, MoneyGram signed Kenya Commercial Bank and Kenya Post Bank, adding more than 200 locations. Through Commercial Bank of Ethiopia, Dashen Bank and Lion Bank, MoneyGram has added 175 locations to its network in Ethiopia. And in Angola, the company has increased its presence through new agent Banco Sol and the expansion of its relationship with Banco Poupanca e Credito, adding more than 100 locations.
Tony Ryan, MoneyGram’s president and CEO, said: MoneyGram’s growth in Africa is focused on more choices for consumers to conveniently receive and transfer funds. Morocco and Kenya are among Africa’s leading receive markets and the cash-to-card program in Morocco is quickly gaining popularity with students and young people who prefer e-wallet transactions.
