MoneyGram has partnered with Econet Wireless, a mobile operator in Zimbabwe, to launch of a new service that allows customers from over 200 countries and territories worldwide to transfer funds via EcoCash, a mobile money transfer service launched by Econet in 2013.
MoneyGram in a statement said that the new offering means that more than 4.9 million EcoCash subscribers and MoneyGram customers can receive funds across the EcoCash network at any time and from any place.
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MoneyGram vice president for Africa Herve Chomel said: "Our activation with EcoCash, a leader in Zimbabwe’s mobile money realm, furthers MoneyGram’s vision of expanding our self-service offerings to ensure an unparalleled customer experience.
"With the service, we are offering millions of consumers, many in remote areas of the country, access to a fast, reliable and secure method of transferring money, much of which is used to purchase life essentials and daily expenses."
Econet Wireless CEO Douglas Mboweni said: "In-wallet remittances are becoming more topical, not only in driving access to international remittances for the previously unbanked, but also driving further financial inclusion as we link the diaspora and home.
"By working with MoneyGram, we will help reach more consumers who rely on our domestic and international remittance services to handle their daily financial needs."
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