Vodafone and MoneyGram sign M-Pesa deal

Vodafone and MoneyGram, a money transfer and global payment services company, have teamed up to enable consumers to transfer funds directly from around 200 countries to the millions of users of M-Pesa.

This service will be launched in key markets during the second quarter of 2014, with additional roll-out planned throughout the remainder of the year.

The agreement will allow consumers who visit MoneyGram’s 334,000 agents across the globe to send funds directly to M-Pesa accounts.

MoneyGram customers can also transfer money to an M-Pesa user through moneygram.com or via a mobile app, available on iPhone, Android and Windows 8 phones.

M-Pesa is now available in the following countries – the Democratic Republic of Congo, Egypt, Fiji, India, Kenya, Lesotho, Mozambique, South Africa and Tanzania.

Additional markets are due to launch M-Pesa during 2014, Vodafone said.

Developed by Vodafone, M-Pesa had nearly 16 million active customers as at 30 September 2013 and approximately 165,000 authorised agents worldwide.

A customer can buy airtime and pay for bills, such as electricity and water as well as groceries.

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Vodafone and MoneyGram sign M-Pesa deal