FNB and MoneyGram’s longstanding partnership is ongoing with news today of yet another link up set to benefit FNB customers. The world of remittances is now being made easier as a result with customers now able to send and receive money across borders. Furthermore, clients can now complete their MoneyGram transactions on the FNB App, from anywhere.
Previously, MoneyGram services could only be accessed via Cellphone Banking, ATM or in branch. In order to perform a transaction, clients needed to go into a branch to load a beneficiary and send funds. With the availability of MoneyGram on the FNB App, clients will now facilitate end-to-end money transfers by themselves from loading beneficiaries to sending or receiving MoneyGram funds anytime and anywhere.
Jacques Celliers, FNB CEO says, “Our significant investment into integrating advanced technology into our platform-based business has allowed us to transform the Foreign Exchange market and the experience of all our individual and business clients in recent years, effectively empowering those clients to meet their currency needs, optimise their personal or business cashflows, and mitigate their risks, anywhere in the world.”
Anthony Grant, CEO of Foreign Exchange at FNB says, “Now that MoneyGram is available on the FNB App, sending money across borders to family and friends is quick, easy and hassle-free. What’s more exciting is that when sending money abroad, the sender has the option to send the MoneyGram to a bank account or even a mobile money wallet in addition to the original method of sending money via the comprehensive MoneyGram agent networks in over 200 countries of the world.”
MoneyGram is a commonly used money transfer tool and clients using it on the FNB App can now transfer a maximum of R25 000 per transaction and a maximum of R50 000 per month.
“Our data shows that a large percentage of FNB-initiated remittance payments are sent to Zimbabwe and Ghana. Irrespective of where you would like to send money, whether you’re a worker who needs to send money to your family in your home country or whether you would like to send a money gift to a friend abroad, this service enables clients to do so quickly and without hassle on the FNB App in just a few minutes,” adds Grant.
Now operating in our country for over 20 years, MoneyGram is one of the largest worldwide money transfer services. It provides a safe and reliable service which customers can confidently use, knowing that the recipient will receive the transfer within minutes.
“As a business, we believe that leveraging and integrating MoneyGram into our platform has allowed us to transform not only the remittance landscape but more importantly, the experience of all our customers. We remain committed to providing our customers with a convenient and secure platform to send and receive money from anywhere in the world,” concludes Grant.
