The partnership enables E9Pay customers to connect to the MoneyGram platform and distribution network. The integration will help consumers who send money between Southeast Asia, Russia, and the Commonwealth of Independent States (CIS), which are the main corridors for E9Pay.
The new E9Pay relationship follows other MoneyGram partnerships in the region, such as Woori Bank, Shinhan Bank, Korea Post, Kyongnam Bank, and Sentbe, that are helping MoneyGram capture a portion of the approximate USD 13.4 billion in annual remittance outflows.
E9Pay is one of the companies which acquired the Overseas Remittance Business No. 1 License from Ministry of Economy and Finance (MOEF) of South Korea, providing overseas remittance/receipt services to/from 126 countries, including Nepal, Cambodia, Sri Lanka, Vietnam, Philippines, Indonesia, and China.
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