Innovative Payment Solutions partners with Golden Money Transfer

Tuesday 2 February 2021 12:23 CET | News

Innovative Payment Solutions (IPSI) has announced an agency agreement with Golden Money Transfer (GMT) to facilitate its money transmission service to Mexico.

According to the press release, the agreement comes to facilitate IPSI’s cross-border payments infrastructure, help lower costs for international remittances, allowing the company to service consumers, including unbanked and underbanked communities. 

Moreover, the agreement will provide IPSI access to a licensed money transmitter with origination capabilities in 30 key states, proven compliance expertise, access to foreign exchange services, distribution to any bank account in Mexico, and cash distribution at close to 25,000 bricks and mortar locations throughout Mexico. 

Furthermore, settlement and distribution (including employee salaries disbursement to prepaid cards) will be handled by GMT as the company is specialised in Latin America and other hard to reach destinations. 

More: Link

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Keywords: Innovative Payment Solutions, Golden Money Transfer, subisenn partnership, global money transfers, cross-border payments, unbanked, underbanked, remittances
Categories: Payments & Commerce | Online Payments
Countries: Mexico
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Payments & Commerce

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