According to the press release, the expansion has launched in collaboration with Checkout.com, utilising Visa Direct, Visa's real-time push payments platform. MoneyGram customers can now use the company's website or mobile app to send money in near real-time to Visa debit cardholders across 575 corridors from 25 countries in Europe.
Furthermore, according to MoneyGram, the expansion is another milestone on the company's journey to lead the evolution of digital P2P payments, as consumer demand for real-time payments direct to bank account and mobile wallets continues to surge. The new service is a huge milestone for the remittance industry in Europe, which is one of the largest send markets.
In 2019, MoneyGram was the first organisation in the industry to enable cross-border transfers from the US using Visa Direct. Since then, MoneyGram has continued to build on its established relationship with Visa and the multiple advantages the service brings for its customers, including speed, convenience, affordability, and choice.
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