This strategic partnership builds upon the momentum MoneyGram has developed in the Middle East and further accelerates digital growth in one of the world's outbound remittance markets. Company officials explain that this partnership enables MoneyGram to scale the number of payments it processes through its platform and expands its digital offering.
MoneyGram leverages its mobile and API-driven platform, and collaborates with the world's brands to serve consumers through MoneyGram Online (MGO), its direct-to-consumer digital business, its global retail network, and its emerging embedded finance business for enterprise customers, MoneyGram as a Service.
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