Mukuru and MoneyGram Partner to Power Fintech-Led Cross - Border Payments Across Africa and Beyond

Mukuru, an African fintech platform, announced a strategic partnership with MoneyGram, a global payments network for consumers, businesses, and communities. The collaboration connects Mukuru to the global MoneyGram network and links two advanced financial technology platforms to deliver faster, more affordable, and inclusive remittance services across Africa, Asia, and beyond. According to Oui Capital’s latest market report, Africa’s cross-border market is forecast to triple in size to $1 trillion over the next decade, fuelled by mobile money adoption, digital wallets, and fintech partnerships. By combining Mukuru’s technology-led Southern African infrastructure with MoneyGram’s modern, global reach, millions of customers will benefit from greater access, flexibility, and security in how they send and receive money.

Supporting global financial access, Mukuru customers can now tap into MoneyGram’s expansive payout network across Asia, East and West Africa, with the flexibility to receive funds via cash pickup, direct bank transfers, or mobile wallets. At the same time, MoneyGram customers benefit from Mukuru’s strong local presence, with over 1,250 owned outlets and a wide network of agents and partners across Southern Africa, guaranteeing liquidity and reliable last-mile delivery. Together, the two companies bridge cash and digital ecosystems, providing inclusive solutions for both banked and underserved customers in emerging markets.

At the heart of this collaboration is a technology-led integration between two fintech platforms built for speed, security, and scale. API-driven interoperability ensures real-time settlement and seamless switching between digital and cash transactions, while mobile-first access through Mukuru’s app, WhatsApp, USSD, and web channels reflects customer behaviour across Africa. Coupled with best-in-class compliance and security, the partnership delivers safe, regulated, and user-friendly financial services at scale. Andy Jury, Group CEO of Mukuru: “This is a milestone moment for Mukuru and the communities we serve. 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.” Colin Marnewecke, VP, Sales - Africa at MoneyGram: “We partnered with Mukuru for their strong local presence and trusted brand across Southern Africa. What makes this collaboration so powerful is our shared commitment to putting the consumer first. Together, we’re advancing financial inclusion by meeting customers where they are — whether through cash, mobile, or digital channels — and ensuring they enjoy the best possible experience at the best possible price. This partnership is a direct reflection of that shared mission.” The partnership builds on both parties' track records of fintech innovation and strategic alliances with other key global distribution providers. www.mukuru.com www.moneygram.com