DALLAS, Might 19, 2020 /PRNewswire/ — MoneyGram Worldwide, Inc. (NASDAQ: MGI), a world chief in cross-border P2P funds and cash transfers, right now introduced a partnership with E9Pay, one of many largest cash switch and fee fintech firms in Korea. The partnership permits E9Pay clients 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 Impartial States (CIS), that are the principle corridors for E9Pay.
“As we proceed to intently handle the continued 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 permits E9Pay clients entry to our international platform, together with our account deposit capabilities.”
The brand new E9Pay relationship follows different profitable MoneyGram partnerships within the area, comparable to Woori Bank, Shinhan Bank, Korea Submit, Kyongnam Bank, and Sentbe, which can be serving to MoneyGram seize a extra good portion of the approximate $13.four billion in annual remittance outflows, per the World Bank.
“We’re very excited to accomplice with MoneyGram in a rapidly-changing, cross-border cash switch and fee market in South Korea,” stated Jeon Hyuk Goo, CEO of E9Pay Co., Ltd. “We imagine one of the best ways to succeed in and assist our clients is thru collaboration with the distinguished MoneyGram model. E9Pay firmly expects to proceed to develop mutually helpful enterprise by 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 continued international pandemic so that customers can obtain cash from the consolation and security of their very own houses,” 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 world chief in cross-border P2P funds and cash transfers. Its consumer-centric capabilities allow household and buddies to rapidly and affordably ship cash in additional than 200 international locations and territories, with over 70 international locations now digitally enabled.
MoneyGram leverages its trendy, cellular, and API-driven platform and collaborates with the world’s main manufacturers to serve hundreds of thousands of individuals annually by each its walk-in enterprise and its direct-to-consumer digital enterprise.
With a robust tradition of innovation and a relentless deal with using expertise to ship the world’s greatest buyer expertise, MoneyGram is main the evolution of digital P2P funds.
For extra data, please go to MoneyGram.com and observe @MoneyGram
About E9Pay Co., Ltd.
E9Pay is the primary firm to accumulate the Abroad Remittance Enterprise No. 1 License from Ministry of Economic 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.
[E9VISA+PAY=E9PAY] is offering an abroad remittance service, specializing in the demand for abroad remittances/receipts of two,400,000 overseas employees residing and dealing in South Korea. In July 2019, E9Pay obtained Progressive Monetary Service from MOEF, which was supplied monetary companies differentiated from current monetary strategies by using new IT applied sciences.