Telecommunications giant Vodafone has signed a mobile payment agreement with MoneyGram to allow consumers to transfer funds from 200 countries to all M-Pesa users.
According to Vodafone, M-Pesa will allow customers to pay bills and withdraw, transfer and deposit money easily.
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Scheduled to be launched in second quarter of 2014, the service will enable consumers who visit MoneyGram’s 334,000 agents across the globe to send funds to M-Pesa accounts.
MoneyGram customers will also be able to transfer money to an M-Pesa user through moneygram.com or through a mobile app, available on iPhone, Android and Windows 8 phones.
Vodafone said that M-Pesa is now available in the Democratic Republic of Congo, Egypt, Fiji, India, Kenya, Lesotho, Mozambique, South Africa and Tanzania, while additional markets are due to launch the service this year.
Vodafone M-Pesa director, Michael Joseph, said: "Our partnership with MoneyGram provides the most extensive global network and greatest number of access points for consumers wishing to transfer funds to M-Pesa users."
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By GlobalDataMoneyGram senior vice president of global product management and emerging channels, Alex Hoffmann, said: "This agreement furthers our goal of joining with fast and reliable mobile wallets so consumers may send money for life’s essentials anywhere and any way they want, simply and conveniently."
