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Fintech & Ecommerce

MoneyGram expands digital P2P payments through new partnership

Jan 25, 2021

This new service is a huge milestone for the remittance industry in Europe

debit card Visa MoneyGram

MoneyGram expands digital P2P payments through new partnership. Source: flickr.com

MoneyGram International has announced the expansion of its Visa debit card deposit service across Europe. The expansion has launched in collaboration with Checkout.com, a global payment solution provider, utilizing Visa Direct.

MoneyGram customers can now use the company’s website or leading mobile app to send money in near real-time to Visa debit cardholders across 575 corridors from 25 countries in Europe.

Our strategic partnerships have enabled MoneyGram to create the world's leading network, and this expansion is another milestone on our journey to lead the evolution of digital P2P payments. Consumer demand for real-time payments direct to bank account and mobile wallets continues to surge. As a result, we're excited to integrate with a leading fintech, Checkout.com, and continue to expand our partnership with Visa Direct. We're already seeing significant customer adoption, and we expect it to help contribute to strong digital growth in the European market this year
Alex Holmes, MoneyGram Chairman and CEO

In 2019, MoneyGram was the first organization in the industry to enable cross-border transfers from the UЫ using Visa Direct. Since then, MoneyGram has continued to build on its established relationship with Visa.

We’ve reported that MoneyGram International announced a five-year extension to its partnership with Canada Post. This renewal allows MoneyGram customers to continue to transfer money and pay bills at over 5,000 Canada Post locations throughout Canada.

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