MoneyGram International Inc (NASDAQ: MGI), a cross-border P2P payments & money transfers platform, announces the integration with Thunes, a B2B fintech cross-border payments network for emerging markets. With the partnership, MoneyGram looks forward to enabling its customers to seamlessly send money directly to mobile wallets and bank accounts globally through MoneyGram’s platform, starting with Africa where countries such as Kenya, Tanzania and Uganda lead the continent in mobile wallet usage, while the second will

focus on the Asia Pacific region and Latin America.

“This partnership marks an important milestone for us. Through this tie-up, Thunes can connect MoneyGram to over 30 markets in Africa, enabling us to significantly expand our reach into the region," said John Gely, Head of MoneyGram Africa in a statement. “We are continuously investing in key markets and accelerating digital growth through the integration of mobile wallets and banks, and we believe our partnership with Thunes will further support our strong expansion,” he added.

“Thunes aspires to bridge the last mile in terms of access to financial services, particularly in emerging markets, and as such, this partnership is a strong fit. Our robust technological capabilities will enable MoneyGram to achieve greater efficiencies which will bring about significant benefits for MoneyGram customers. In working together with MoneyGram, we strive to help them extend their reach worldwide. Beyond Africa, our next step is to facilitate MoneyGram's expansion into Asia and Latin America,” added Peter De Caluwe, CEO of Thunes.

Besides MoneyGram’s stellar performance in the market, Thunes had hit record growth in Q1 of 2020, which the company followed with making partnerships across the globe. The company had joined hands with Commercial Bank Dubai in June, followed by its partnership establishment with United Nations Federal Credit Union in July, and Asian fintech firm TrueMoney earlier this month.