MoneyGram sees further growth in Nigeria


Mg1MoneyGram, a leading money transfer firm with over 20,000 points of sale in Africa, has re-   iterated its confidence in the Nigerian economy and affirmed its interest in supporting the financial inclusion agenda of the Central Bank of Nigeria.

A statement by MoneyGram quoted its International Executive Vice-President for Europe, Africa and Emerging Channels, Mr. Carl Olav-Scheible, as saying this in Lagos.

Olav-Scheible, who is on a week-long visit to the country, was accompanied by a delegation of MoneyGram senior executives. The visit by MoneyGram International’s top management is also to mark key achievements by the firm in Nigeria in its 17 years of existence, according to the statement.

The money transfer firm’s achievements in the country, according to the statement, include: its 15 millionth transaction; network growth to over 6,000 locations; and potential enablement of over 80 million phone users in Nigeria through the recent launch of MoneyGram on the PocketMoniMobile wallet.

MoneyGram says it boasts a local office in Lagos, where it hubs its Anglo West Africa operations.

MoneyGram offers over-the-counter money transfer services in Nigeria through its agent partners such as Access Bank, First Bank, UBA, Union Bank, Enterprise Bank, Sterling Bank, WEMA Bank, Fidelity Bank, Skye Bank, Union Bank, Mainstreet Bank and Keystone Bank.

MoneyGram enables consumers who are not fully served by the traditional financial institutions to meet their financial needs.