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MoneyGram expands real-time digital P2P payments with Visa Direct through new Checkout.com partnership

24 ianuarie 2021

Customers can use the MoneyGram 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. „This new service is a huge milestone for the remittance industry in Europe which is one of the largest send markets,” according to the press release.

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, 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.

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.”

In 2019, MoneyGram was the first organization in the industry to enable cross-border transfers from the United States using Visa Direct. Since then, MoneyGram has continued to build on its established relationship with Visa and the multiple advantages the service brings for its customers, including speed, convenience, affordability and choice.

Guillaume Pousaz, CEO & Founder at Checkout.com: „As Visa accelerates the availability of Visa Direct to merchants in Europe, Checkout.com is proud to power fintechs and merchants alike, helping to unlock the potential of the cross-border payments opportunity, through our cloud-based enterprise Connected Payments platform.

Now more than ever, consumers have a vital need to access fast, simple and secure ways to move money across borders to support their friends and family overseas,” said Nicky Alexander, Head of Visa Direct, Europe. „We look forward to continuing our ongoing relationship with MoneyGram as we make this possible through real-time payments to more people around the world.”

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?