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Fintech company Mukuru has joined forces with global money transfer firm MoneyGram to enhance cross-border payments across Africa and Asia, aiming to serve both banked and underserved communities.
The partnership links Mukuru’s tech-driven Southern African infrastructure with MoneyGram’s international network, offering customers affordable, fast, and inclusive remittance services. The alliance allows Mukuru users to send and receive money across Asia, East, and West Africa via cash pick-up, bank transfers, or mobile wallets, while MoneyGram clients gain access to Mukuru’s 1,250+ outlets and extensive agent network in Southern Africa.
Analysts predict that Africa’s cross-border payments market could reach $1 trillion over the next decade, propelled by mobile money adoption, digital wallets, and fintech collaborations.
By Ruvarashe Gora
Andy Jury, group CEO of Mukuru, said, “This is a milestone moment for Mukuru and the communities we serve. Together with MoneyGram, 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.”
The partnership is underpinned by a robust technology stack, including API-driven interoperability that enables real-time settlement between digital and cash transactions. A mobile-first approach allows users to transact via the Mukuru app, WhatsApp, USSD, or web channels, ensuring convenience and accessibility for all customers.
Colin Marnewecke, vice president, sales, Africa at MoneyGram, added: “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 and meeting customers wherever they are cash, mobile, or digital,at the best possible price.”
The Mukuru-MoneyGram alliance demonstrates how fintech partnerships are increasingly shaping Africa’s payments ecosystem, driving innovation, financial inclusion, and faster, more secure cross-border transactions.
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