MONEYGRAM, a global provider of innovative money transfer and payment services, and Vodacom, the leading telecom company in Tanzania, have announced that Vodacom subscribers can now receive money directly into their M-Pesa accounts through MoneyGram’s money transfer services.
According to Vodacom, there are more than seven million active M-Pesa users in Tanzania, who currently transact more than two trillion shillings each month. The new offering makes it easier, safer and faster for Tanzanians living in the diaspora to send money directly to M-Pesa subscribers in the country.
The launch was celebrated during a press conference in Dar es Salaam attended by Herve Chomel, MoneyGram’s vice president in charge of regional sales Africa, and Jacques Voogt, Vodacom’s chief officer of M-Commerce.
Mr Chomel said MoneyGram was excited to work with Vodacom to provide millions of customers with access to fast, reliable and secure options to send and receive money.
“Vodacom’s M-Pesa has already helped to increase financial inclusion for millions in Tanzania and this new relationship will make it more convenient for people in the most remote parts of the country to receive money from friends and families abroad.”
He added, “MoneyGram continues to grow throughout Africa as a result of forming strategic relationships with mobile network operators, banks, post offices and retailers, to bring added convenience to our customers. Presently, MoneyGram operates in more than 200 countries with a network of more than 350,000 locations globally of which 25,000 are in Africa.
“This new relationship with MoneyGram enables us to tap into the remittances coming into Tanzania every year,” Mr Voogt said, adding’ “It will increase the ease and ability for families and friends to receive money through M-Pesa. This is just one more way we are going the extra mile for our customers.”