MoneyGram and Mastercard have joined forces to advance digital money movement both domestically and across borders. „MoneyGram is implementing Mastercard Move, Mastercard’s portfolio of money transfer solutions, providing its customers with enhanced access to fast, secure and near real-time payments[1].” – according to the press release.
Through Mastercard Move, MoneyGram customers can use any U.S.-issued Mastercard card to send funds cross-border to 38 eligible receiving markets and counting[2]. Mastercard Move also supports the ability for MoneyGram customers to receive money through nearly 10 billion endpoints worldwide. Additional cross-border payment capabilities for MoneyGram customers are expected throughout 2025.
This collaboration builds on the MoneyGram network, which extends across 200 countries and territories with approximately 450,000 retail locations and five billion digital endpoints. Mastercard Move has access to over 95% of the world’s banked population, reaching more than 180 countries and supporting over 150 currencies.
What This Means for Customers
This collaboration enhances the end-to-end money movement experience, offering significant benefits that help customers save time, effort and money.
– Speed & convenience – Access near real-time[3] funding from any U.S.-issued Mastercard card, with the ability to send funds cross-border to bank accounts, mobile wallets, Mastercard cards and cash pick-up endpoints[4].
– Security & reliability – Enjoy safe, secure transactions backed by the trust and security of the MoneyGram and Mastercard networks.
– Cost-effective money movement – Benefit from an efficient, digital-first transfer process with low transaction fees.
– Greater financial accessibility – Gain enhanced access to streamlined payouts, complementing MoneyGram’s extensive network.
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[1] Transaction approvals depend on the applicable payment network and receiving financial network. Actual posting times depend on the receiving financial institution.
[2] 38 markets include: United States, United Kingdom, Costa Rica, Sri Lanka, Romania, Poland, Czech Republic, Italy, India, Jamaica, El Salvador, Panama, Dominican Republic, Georgia, Honduras, Ecuador, Guatemala, Spain, Peru, Kenya, Portugal, Singapore, Zambia, New Zealand, Lithuania, Slovakia, Chile, Finland, Netherlands, Latvia, Cyprus, Germany, Hungary, Slovenia, Luxembourg, Estonia, Malta, and Belgium.
[3] Transaction approvals depend on the applicable payment network and receiving financial network. Actual posting times depend on the receiving financial institution.
[4] Endpoint availability dependent on the market.
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