by Bradley Shulman -

MICROCAPITAL BRIEF: MoneyGram Partners with InTouch, MFS Africa, Thunes to Expand Options for Sending Remittances to Mobile Wallets

MoneyGram International, a money transfer company based in the US, recently announced partnerships with three companies that facilitate e-wallet services in Africa: InTouch, which is based in Senegal; MFS Africa, which is based in South Africa; and Thunes of Singapore. The partnerships are giving MoneyGram “access to mobile wallets in 28 markets in Africa,” allowing its customers

by Bradley Shulman -

MICROCAPITAL BRIEF: Mastercard Buying 3.8% Equity Stake in Mobile Money Unit of Airtel Africa for $100m

Mastercard, a US-based financial services company, recently agreed to pay USD 100 million for a 3.75-percent equity stake in Airtel Mobile Commerce, a subsidiary of the telecommunications company Airtel Africa that uses the trade name Airtel Money. Mastercard and Airtel Money plan to deepen their ongoing partnership in the areas of

by Kate Finster -

MICROCAPITAL BRIEF: MoneyGram International, Airtel Africa to Offer Mobile Remittances

MoneyGram International, a US-based money-transfer company serving 200 countries, is partnering with Airtel Africa, a subsidiary of India-based telecommunications firm Bharti Airtel, to allow 19 million users of the Airtel Money service in 12 countries to receive MoneyGram remittances directly into their mobile wallets. These funds then can be withdrawn at Airtel Africa service locations