MoneyGram partners Lynk

Monday 13 March 2023 11:56 CET | News

Fintech company MoneyGram has partnered with mobile wallet Lynk to enable the latter’s Jamaica-based users to receive cross-border payments on their smartphones.


With this collaboration, the National Commercial Bank Financial Group (NCBFG) powered Lynk aims to extend its offering to include digital receive capabilities and, as per the information detailed in the announcement, MoneyGram is amongst the first money transfer organisations to bring this capability to market in Jamaica.

MoneyGram, Lynk collaboration details and context

Commenting on the announcement, Alex Holmes, MoneyGram Chairman and CEO advised that they are ‘thrilled’ to partner with Lynk to provide Jamaica-based consumers with a digital alternative to receiving money sent from loved ones living abroad. As per their statement, over the past years, the company has positioned itself to meet the consumer demand as it is shifting online, and Lynk is joining a ‘roster’ of digital partners that helps the company expand its mobile wallet capabilities into some of the largest receive markets throughout the globe. 

The collaboration enables Lynk to leverage the company’s global payment rails for the expansion of its set of offerings and the inclusion of international digital receive capabilities. Having a common focus on customer-centricity, MoneyGram and Lynk are offering consumers in Jamaica a method to collect funds sent from loved ones around the world in an increasingly fast, convenient, and safe manner.

Fintech company MoneyGram has partnered with mobile wallet Lynk to enable Jamaica based users to receive cross border payments on their smartphones.

Vernon James, Lynk’s Chief Executive Officer stated that this development was designed with customer needs in mind, adding that international money transfer is a crucial service in the region and that the company is proud to collaborate with MoneyGram to enable its customers to receive money on the go, be that from the comfort of their own homes, or anyplace else. 

Alongside its newly implemented remittance feature, the app gives users the option of purchasing mobile credit, paying bills at more than 300 locations, transferring to other Lynk accounts, and paying for goods and services at over 5,000 local businesses in Jamaica.

Adding on the partnership, Grant Lines, MoneyGram’s Chief Revenue Officer stated that the announcement marks an important development for consumers in Jamaica, which is one of the largest inbound markets globally with money coming from loved ones from the company’s top outbound markets of the likes of the US and Canada.

As the company is the first international money transfer organisation to partner with the mobile wallet owned by NCBFG, which controls more than 60% of the region’s payment market, MoneyGram believes consumers will be provided with increased choice and flexibility.

Lynk offering

Launched in December 2021, Lynk is a digital wallet application that enables customers to leverage their phones for digital transactions without being required to carry credit cards, debit cards, or cash. Lynk can be used to send funds digitally, make payments at more than 5,000 Lynk merchants, top up any local mobile phone and make payments to approximately 100 billers, including utility providers.

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Keywords: partnership, remittances, money transfer, money remittance, cross-border payments, payments , digital wallet, mobile payments, digital payments, fintech, financial services, transactions
Categories: Payments & Commerce
Companies: Lynk, MoneyGram
Countries: Jamaica
This article is part of category

Payments & Commerce




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