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MoneyGram to start mobile transfers in Liberia

January 24, 2014

MoneyGram International's Regional Director for North and West Africa Mr. Francois Peyret has disclosed that the financial institution is considering adopting mobile money transfer as part of its operations in Liberia.Peyret told reporters in the capital Monrovia that he is confident that the mobile transfer mechanism will further boost the company's operations in the country. Mobile Money which is transferred through the LoneStar MTN in Liberia , is becoming the fastest and easiest means of transferring money locally. Mobile Money transfer is also becoming very popular because it can be done outside of banking circles in communities and shops and in all parts of Liberia . In a report released to the press, the Money Gram official said the company which started operations in Liberia in 2002 with only four agent partners including the International Bank (IB), First International Bank (FIB) United Bank for Development in Africa (UBA) and Global Bank has grown dramatically. The statement said the organization's network has grown from barely 20 locations in 2008 to 84 in 2013.

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Source: Agence de Presse Africaine

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