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MoneyGram and Mastercard Collaborate to Advance Digital Money Movement
By Sydney Schoolfield - Apr 02, 2025, 01:39 PM ET
Last Updated - Apr 02, 2025, 01:41 PM EDT
MoneyGram and Mastercard Collaborate to Advance Digital Money Movement
DALLAS and PURCHASE, N.Y., April 2, 2025 /PRNewswire/ -- MoneyGram, a financial technology company creating trusted global payments and financial solutions for an increasingly connected world, and Mastercard (NYSE: MA) 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 payments1.
Through Mastercard Move, MoneyGram customers can use any U.S.-issued Mastercard card to send funds cross-border to 38 eligible receiving markets and counting2. 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.
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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.
Financial Access through an Extensive Network
"We're excited to work with Mastercard to empower individuals and communities around the world, expanding access and choice when it comes to their finances," said Anthony Soohoo, Chief Executive Officer, MoneyGram. "Our expanding global network, present in nearly every country, is one of our most valuable assets. Through strategic alliances like this, we continue to grow our network, advancing MoneyGram's mission to make cross-border payments seamless, affordable and secure for everyone."
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.
"Unlocking more efficient and secure ways to send and receive money is critical for fueling entry into the digital economy," said Chiro Aikat, Co-President, United States, Mastercard. "By integrating Mastercard Move into MoneyGram's vast network, we're building in speed and added peace of mind into every transaction so that critical funds can get into hands when and where it's needed."
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