Mukuru, MoneyGram Partner To Expand Cross-Border Payments

Mukuru, a prominent African fintech platform has entered a strategic partnership with global payments giant MoneyGram to accelerate cross-border remittances across Africa, Asia, and other key markets.

The collaboration links Mukuru’s technology-driven Southern African infrastructure with MoneyGram’s worldwide payout network, creating a faster, more affordable, and more inclusive remittance experience. The move comes as Africa’s cross-border payments market is projected to triple to $1 trillion within the next decade, according to a recent Oui Capital report.

Under the agreement, Mukuru customers gain access to MoneyGram’s extensive network across Asia and East and West Africa, with options for cash pickup, direct bank transfers, and mobile wallet payments. In return, MoneyGram customers can tap into Mukuru’s owned network of more than 1,250 outlets and a broad agent footprint across Southern Africa, ensuring reliable last-mile delivery and guaranteed liquidity.

The collaboration is designed to bridge cash and digital ecosystems, serving both banked and underserved customers. At its core is a seamless technology stack: API-driven interoperability allows real-time settlement and effortless switching between digital and cash transactions, while a mobile-first approach lets users transact through the Mukuru app, WhatsApp, USSD, or web channels. Robust compliance and security safeguards ensure that every transfer remains safe and fully regulated.

“This is a milestone moment for Mukuru and the communities we serve,” said Andy Jury, Mukuru Group CEO. “Together with MoneyGram, we are building a technology bridge between traditional cash services and digital ecosystems to make cross-border payments simpler, faster, and more inclusive.”

Colin Marnewecke, MoneyGram’s Vice President of Sales for Africa, added: “What makes this collaboration so powerful is our shared commitment to putting the consumer first. 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.”

Both companies have a strong record of fintech innovation and global partnerships. Their latest alliance underscores the rapid evolution of Africa’s payments landscape, where mobile money adoption and digital wallets continue to drive growth.