MoneyGram and Mastercard Collaborate to Advance Digital Money Movement

Core Insights - MoneyGram and Mastercard have partnered to enhance digital money movement, providing customers with fast, secure, and near real-time payment solutions [1][2] - The collaboration allows MoneyGram customers to send funds across borders to 38 eligible markets and receive money through nearly 10 billion endpoints globally [2][4] - This partnership aims to improve the overall money movement experience, offering significant benefits in terms of time, effort, and cost savings for customers [3] Company Overview - MoneyGram operates in over 200 countries and territories, processing more than $200 billion annually and serving over 50 million customers each year [5] - The company has a vast network of approximately 450,000 retail locations and five billion digital endpoints, making it a key player in the global payments landscape [4][5] - Mastercard's technology supports over 95% of the world's banked population, reaching more than 180 countries and facilitating transactions in over 150 currencies [4] Strategic Importance - The partnership is expected to unlock more efficient and secure ways for customers to send and receive money, which is crucial for integrating into the digital economy [5] - By leveraging Mastercard Move, MoneyGram enhances its service offerings, providing customers with access to near real-time funding and low transaction fees [6] - The collaboration is part of MoneyGram's mission to make cross-border payments seamless, affordable, and secure for everyone [4]