Zimbabwe: Moneygram and Econet launch new remittance service

Oct 23, 2015

Users can access the service from more than 200 countries.

Mobile operator Econet Wireless and money transfer company MoneyGram have signed a partnership to launch a new remittance service in Zimbabwe.

The Zimbabwean Diaspora can now transfer funds back to their homeland from more than 200 countries via EcoCash, rated the second fastest-growing mobile money solution in Africa, CajNews Africa reports.

Users can access MoneyGram's services at more than 20,000 EcoCash locations across Zimbabwe or at any one of MoneyGram's agent locations worldwide.

"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," said Herve Chomel, MoneyGram's Vice President for Africa.

Douglas Mboweni, Chief Executive Officer of Econet Wireless, added that mobile remittance services are increasingly popular, driving access to international remittances for the previously unbanked and supporting financial inclusion.

"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," he said.ADNFCR-2976-ID-801803916-ADNFCR