#Remittances / MoneyGram signs remittances deal with Airtel Africa

MoneyGram International has signed a new partnership with telecoms firm Airtel Africa to allow the latter’s customers to revive mobile wallet payments.

MoneyGram says that customers funds are available “immediately” to pay bills or for services… MoneyGram has tied up several remittance partnerships this year, including with Al Rajhi Bank and Federal Bank.

Bloomberg reported back in June that MoneyGram is in the sights of rival Western Union. A bid has reportedly been made, but no decision finalised.

Western Union is not the first to eye up MoneyGram. Chinese Big Tech Ant Financial agreed to acquire it 2017, but regulators stymied a conclusion.

https://www.fintechfutures.com/2020/08/moneygram-signs-remittances-deal-with-airtel-africa/