MoneyGram Implements Mastercard Move to Facilitate Digital Money Movement

MoneyGram has implemented Mastercard Move, a portfolio of money transfer solutions, to facilitate digital money movement domestically and across borders.

With this integration, MoneyGram customers can use any U.S.-issued Mastercard card to send funds to 38 eligible receiving markets and receive money through nearly 10 billion additional endpoints around the world, the companies said in a Wednesday (April 2) press release emailed to PYMNTS.

MoneyGram and Mastercard plan to increase the number of receiving markets and add more cross-border payment capabilities for MoneyGram customers throughout the year, according to the release.

“Our expanding global network, present in nearly every country, is one of our most valuable assets,” MoneyGram CEO Anthony Soohoo said in the release. “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.”