Mukuru and MoneyGram join forces on cross-border payments

September 19, 2025

Mukuru, one of Africa’s largest FinTech platforms, has announced a strategic partnership with global payments giant MoneyGram to strengthen cross-border remittances across Africa and beyond.

The collaboration brings together Mukuru’s established Southern African infrastructure and MoneyGram’s extensive global network, aiming to provide faster, more inclusive, and more affordable money transfer options for millions of customers.

The move comes at a time when Africa’s cross-border payments market is set for rapid expansion. Oui Capital’s latest market report predicts the market could triple in size to reach $1tn within the next decade. This growth will be driven by mobile money adoption, digital wallets, and new technology partnerships like this one, which combine local expertise with global scale. By aligning their operations, Mukuru and MoneyGram intend to bridge gaps in accessibility, affordability, and security across both developed and emerging markets.

For Mukuru’s customers, the partnership means direct access to MoneyGram’s broad payout network across Asia and multiple African regions, with options to receive funds through cash pickup, bank deposits, or mobile wallets. On the other hand, MoneyGram users will now be able to take advantage of Mukuru’s extensive reach across Southern Africa, supported by over 1,250 owned outlets and a wide network of agents and partners.

The collaboration is designed to cater to both digital-first and cash-reliant customers. Through this partnership, customers will be able to access services through Mukuru’s app, WhatsApp, USSD, and web channels, aligning with mobile-first behaviours common across Africa.

Mukuru group CEO Andy Jury said, “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.”

MoneyGram VP, sales – Africa Colin Marnewecke said, “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.”