MoneyGram Expands Real-Time Digital P2P Payments with Visa D

MoneyGram Expands Real-Time Digital P2P Payments with Visa Direct through New Checkout.com Partnership


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DALLAS, Jan. 22, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced the expansion of its Visa debit card deposit service across Europe. The expansion has launched in collaboration with Checkout.com, a leading global payment solution provider, utilizing Visa Direct, Visa's real-time push payments platform. MoneyGram customers can now use the Company's website or leading mobile app to send money in near real-time to Visa debit card holders across 575 corridors from 25 countries in Europe.
(PRNewsfoto/MoneyGram)
"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," said Alex Holmes, MoneyGram Chairman and CEO. "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."

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