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Article: MoneyGram Introduces Cash to Card Money Transfers in Morocco, Doubles Agent Network in Three African Countries.
- Article from:
- Investment Weekly News
- Article date:
- May 9, 2009
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MoneyGram International (NYSE: MGI) a leading provider of global payment services, announced it has expanded its money transfer services in Morocco with the introduction of a cash-to-card program offered by the company's agent Credit du Maroc. In addition, MoneyGram has doubled its network in Kenya, Angola and Ethiopia through several newly signed agents.
"MoneyGram's growth in Africa is focused on more choices for consumers to conveniently receive and transfer funds," said Tony Ryan, MoneyGram's president and chief executive officer. "Morocco and Kenya are among Africa's leading receive markets and the cash-to-card program in Morocco is quickly gaining ...