MoneyGram: Enters payments-as-a-service space

March 27, 2021

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Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers
Announced the launch of ‘MoneyGram as a Service,’ a new business line that enables other companies to access its leading global money transfer network
With this launch, enterprise customers now leverage the Company’s core capabilities as productized service offerings
The new business line represents a significant growth opportunity for MoneyGram as it enters a market estimated
This partnership part of a strategy to capture new revenue by monetizing capabilities
The launch begins with the successful integration of a partnership with Emergent Technology Ltd