MoneyGram expands mobile wallet network in Asia

Friday 19 November 2021 10:08 CET | News

US-based money transfer company MoneyGram has expanded its mobile wallet in Asia through the integration with Bangladesh-based mobile financial service provider bKash.

This is the latest integration as part of MoneyGram’s ongoing partnership with Thunes, a B2B company that powers payments for businesses. With this launch, over 55 million bKash wallet users in Bangladesh will now be able to receive funds instantly from around the world.

According to the World Bank, an estimated USD 22 billion flowed into Bangladesh in the form of remittances in 2020, accounting for almost 7% of the country’s GDP in the year. This latest integration with bKash will increase access to direct remittance services and help accelerate financial inclusion in Bangladesh, according to the press release.

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Keywords: online payments, partnership, expansion, digital wallet, money transfer
Categories: Payments & Commerce
Countries: Asia
This article is part of category

Payments & Commerce