Transactions available for collection from the bank within ten minutes.
Global cash transfer service MoneyGram has furthered its partnership with South Africa's First National Bank (FNB) to enhance its services in the region, and enable FNB customers to send and receive money transfers via their mobiles.
Transactions sent from a device will be available for collection nationally and internationally within ten minutes – subject to hours of operation, local laws and regulations – while a data encryption system protects account holder informations.
Carl Scheible, MoneyGram EVP for Africa and Europe, said: "In less than a year into our relationship with FNB, we have extended our product services to offer a mobile service in Africa. This additionally supports our vision of driving convenience and accessibility for our customers.
"We are committed to using mobile technology that complements and augments our traditional agent locations, both in South Africa and other parts of the world. We believe that with an array of alternative channels in hand, we will cater to the specific needs of a discerning and burgeoning market. Our mobile offering with FNB is yet another option for customers in South Africa to send and receive money."