DALLAS, Could 19, 2020 /PRNewswire/ — MoneyGram Worldwide, Inc. (NASDAQ: MGI), a worldwide chief in cross-border P2P funds and cash transfers, right this moment introduced a partnership with E9Pay, one of many largest cash switch and cost fintech corporations in Korea. The partnership allows E9Pay prospects to connect with the MoneyGram platform and distribution community in over 200 international locations and territories. The mixing will particularly profit customers who ship cash between Southeast Asia, Russia, and the Commonwealth of Unbiased States (CIS), that are the principle corridors for E9Pay.
“As we proceed to carefully handle the continuing COVID-19 state of affairs, we’re additionally persevering with to push ahead on our technique,” stated Alex Holmes MoneyGram Chairman and CEO. “E9Pay has a robust tradition of innovation with a loyal buyer base of avid customers, and this partnership allows E9Pay prospects entry to our international platform, together with our account deposit capabilities.”
The brand new E9Pay relationship follows different profitable MoneyGram partnerships within the area, resembling Woori Bank, Shinhan Bank, Korea Submit, Kyongnam Bank, and Sentbe, which can be serving to MoneyGram seize a extra significant slice of the approximate $13.four billion in annual remittance outflows, per the World Bank.
“We’re very excited to companion with MoneyGram in a rapidly-changing, cross-border cash switch and cost market in South Korea,” stated Jeon Hyuk Goo, CEO of E9Pay Co., Ltd. “We consider the easiest way to achieve and assist our prospects is thru collaboration with the celebrated MoneyGram model. E9Pay firmly expects to proceed to develop mutually helpful enterprise via strategic partnerships with MoneyGram.”
“We’re enthusiastic about how E9Pay is leveraging the sturdy client demand for our account deposit companies, which is very necessary given the continuing international pandemic so that customers can obtain cash from the consolation and security of their very own properties,” stated Kamila Chytil, MoneyGram Chief Working Officer and chief of the corporate’s digital efforts. “E9Pay utilized our API-driven infrastructure to allow a fast and seamless integration.”
About MoneyGram Worldwide, Inc.
MoneyGram is a worldwide chief in cross-border P2P funds and cash transfers. Its consumer-centric capabilities allow household and mates to shortly and affordably ship cash in additional than 200 international locations and territories, with over 70 international locations now digitally enabled.
MoneyGram leverages its fashionable, cellular, and API-driven platform and collaborates with the world’s main manufacturers to serve thousands and thousands of individuals annually via each its walk-in enterprise and its direct-to-consumer digital enterprise.
With a robust tradition of innovation and a relentless give attention to using expertise to ship the world’s finest buyer expertise, MoneyGram is main the evolution of digital P2P funds.
For extra data, please go to MoneyGram.com and comply with @MoneyGram
About E9Pay Co., Ltd.
E9Pay is the primary firm to accumulate the Abroad Remittance Enterprise No. 1 License from Ministry of Financial system and Finance (MOEF) of South Korea, offering abroad remittance/receipt companies to/from 126 international locations as of March 2020, together with Nepal, Cambodia, Sri Lanka, Vietnam, Philippines, Indonesia, and China.