Mukuru, one of Africa’s leading fintech platforms, has announced a strategic partnership with MoneyGram, the global payments network. This collaboration connects Mukuru to MoneyGram’s worldwide reach, combining two technology-driven platforms to deliver faster, more affordable, and more inclusive remittance services across Africa, Asia, and beyond.
Expanding Access in a Growing Market
Africa’s cross-border payments market is projected to triple to $1 trillion within the next decade, according to Oui Capital’s latest market report. This growth will be fuelled by increased adoption of mobile money, digital wallets, and partnerships between fintech leaders.
By merging Mukuru’s robust Southern African infrastructure with MoneyGram’s global presence, the partnership aims to provide millions of customers with greater flexibility, security, and convenience. Whether for families supporting loved ones, small businesses managing transactions, or individuals seeking secure payment options, the collaboration addresses the continent’s rising demand for reliable cross-border financial services.
Global Reach, Local Strength
The Mukuru–MoneyGram partnership combines international access and trusted local presence. On one hand, Mukuru customers can now tap into MoneyGram’s global payout network across Asia, East, and West Africa, with options such as bank transfers, mobile wallets, and cash pickups. On the other, MoneyGram customers benefit from Mukuru’s 1,250+ owned outlets and extensive agent and partner locations across Southern Africa, ensuring guaranteed liquidity and dependable last-mile delivery. This balance of global reach and local strength creates a truly inclusive financial ecosystem that works for both urban and rural customers.
Technology-Driven Integration
At the heart of this partnership lies a focus on fintech innovation.
- API-Driven Interoperability enables real-time settlement and seamless switching between digital and cash transactions.
- Mobile-First Access allows customers to transact through the Mukuru app, WhatsApp, USSD, and web channels, aligning with everyday customer behaviour in Africa.
- Enhanced Security and Compliance guarantee safe, regulated transactions while maintaining ease of use.
These technology-led features ensure that customers enjoy speed, security, and scale in their financial interactions.
Leadership Perspectives
Andy Jury, Group CEO of Mukuru, described the partnership as a milestone moment:
“Together with MoneyGram, we are not just extending our network we are building a technology bridge between traditional cash services and digital ecosystems. Our shared goal is to make cross-border payments simpler, faster, and more inclusive.”
Echoing this vision, Colin Marnewecke, VP of Sales Africa at MoneyGram, said:
“We partnered with Mukuru for their strong local presence and trusted brand across Southern Africa. This collaboration reflects our shared mission of advancing financial inclusion by meeting customers where they are through cash, mobile, or digital channels.”
The partnership not only enhances financial access but also reinforces both companies’ reputations as innovators in fintech. By blending global scale with local expertise, Mukuru and MoneyGram are setting a new standard for cross-border payments that promises to transform financial inclusion across Africa and beyond.Read about more like this here
