MoneyGram Groups Up With Korean Fintech International Cash Categorical to Additional Speed up Digital Development

Digital cash switch service MoneyGram (NASDAQ: MGI) introduced on Tuesday it has fashioned a partnership with Korean fintech, International Cash Categorical (GME). Based on MoneyGram, the partnership allows GME prospects to hook up with the MoneyGram platform and distribution community in additional than 200 international locations and territories. The combination will particularly profit customers who ship cash from South Korea to China and South Asia.

“This new integration with GME, mixed with the latest partnership with E9Pay, represents a big milestone for MoneyGram as the corporate strengthens its main place within the South Korea P2P funds and remittance market, which has roughly $13.four billion in annual remittance outflows, based on the World Financial institution.”

Whereas sharing extra particulars concerning the partnership, Kamila Chytil, MoneyGram COO and Digital Enterprise Lead, acknowledged:

“Partnering with main fintech firms is a important part of our technique to speed up digital progress. We not too long ago reported 100% year-over-year digital transaction progress Could. Our new partnership with GME, one of many fastest-growing fintech firms in a key market, will additional assist this sturdy digital progress.”

MoneyGram describes itself as a world supplier of revolutionary cash switch companies and is acknowledged worldwide as a monetary connection to family and friends. The corporate affords person-to-person cash switch and fee companies in additional than 200 international locations and territories via a world community of roughly 350,000 areas, working with retailers, worldwide put up places of work, and banks.