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MoneyGram International, Inc., ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced a new partnership with Tencent Financial Technology, the fintech division of Tencent.
Get latest articles and stories on Business at LatestLY. Singapore, April 3: MoneyGram International, Inc., ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced a new partnership with Tencent Financial Technology, the fintech division of Tencent. The partnership enables consumers to send funds through MoneyGram Online, MoneyGram's leading direct-to-consumer website and app, directly to recipients' Weixin Pay wallet, a leading payment and digital wallet...
" Our subscribers can receive the money directly via their mobile phones without the stress of providing paperwork or the need to travel to any branch," said MTN Cameroon's Mobile Money Director, Alain Claude Nono. According to John Gely, the head of MoneyGram Africa, this partnership is part of Moneygram’s strategy in Africa where a significant step was taken this year by allowing users to access mobile wallets and offering them account deposit solutions. Asked whether the new solution is not against the regulations set up by the BEAC (which in 2017 banned mobile money transactions from MT...