money transfers

The GSM Association representing the global telecom industry predicts the number of people using mobile phones for money transfers will grow exponentially in the next few years.
Mobile phone banking has a bright future and mobile operators also see that. And Kenya is one of the places where this is quite evident. The nation's biggest mobile phone provider, Safaricom, says the user base for its M-Pesa mobile money service has doubled in just one year.

 MoneyGram International, a leading global payment service company, today introduced the launch of MoneyGram Rewards in Canada. MoneyGram Rewards is a loyalty program that offers members fee discounts, receive notices, and fast and convenient money transfers. 

The Internet research organization iResearch conducted the report indicating that China's online shopping market recorded a turnover of 120 billion yuan in 2008, up 128.5 % year-on-year. China's leading e-commerce website Taobao.com sold an average of 26 cell phones, 266 items of clothing and 136 cosmetic products per minute in 2008.

MoneyGram International, a leading global payment services company, has announced about extension of its money transfers in Morocco. In addition, it introduced cash-to-card program which quickly gaining popularity with people who prefer e-wallet transactions. Moreover, MoneyGram significantly increased its network in Kenya, Angola and Ethiopia.