Today's Date: May 11, 2021
Paway Celebrates Dog Moms Throughout The Month Of May With Their "Best Dog Mom Challenge"   •   Joint statement on the 5th anniversary of Canada's full support for the United Nations Declaration on the Rights of Indigenous P   •   National Geographic Documentary Films Partners With Acclaimed Director Dawn Porter in Search of Justice and Peace 100 Years Afte   •   EquityPlus Completes "4% Floor" $16 Million Bond Sale To Finance Senior Citizen Affordable Housing And Community Wellness Center   •   Survey Reveals 8 Out Of 10 Asian Americans Say They Are Discriminated Against And 77% Do Not Feel Respected In The U.S.   •   Unilever's Second Annual Day of Service Gets Sweeter at Vaccine Locations Across the Country   •   Wells Fargo Joins OneTen Coalition to Hire, Upskill and Advance Black and African American Talent in the U.S.   •   Commvault Celebrates Inclusion of 16 Global Executives to CRN's 2021 Women of the Channel List   •   Susan G. Komen® Welcomes Eight New Leaders in Healthcare, Marketing and Business Operations to Board of Directors   •   Indigenous Services Canada announces 2021 recipients of the Awards of Excellence in Nursing   •   MAËLYS Receives Significant Investment from Norwest    •   Cadence13 Partners with Globally Renowned Thought Leader, Bestselling Author, and Activist Glennon Doyle for First-Ever Podcast   •   Student-Led Startup Skin Releaf Takes USD 25,000 Top Prize in Standard Chartered 2021 Women in Tech Incubator Competition   •   AEO Inc. to Report First Quarter 2021 Results on May 26th   •   Statement - Minister of Veterans Affairs marks National Nursing Week   •   Investment Banking Veteran and Software Market Strategist Jonathan Price Joins Alegion's Board of Directors   •   Merritt Hawkins Survey: New Physicians Getting Fewer Recruiting Offers   •   BlackNorth Initiative Sponsoring Lori-Ann Green-Walker, Part of the 6th Cohort of the ESG Competent Boards Certificate Program   •   Texas' Third Most Prolific Serial Murder Suspect Prompts Secure Our Seniors' Safety To Support Texas Bills   •   Accenture and Shiseido Establish Joint Venture to Accelerate Shiseido’s Digital Transformation
Bookmark and Share

MoneyGram Delivers All-Time Record High for Transactions in its Direct-to-Consumer Digital Business in March

MoneyGram Delivers All-Time Record High for Transactions in its Direct-to-Consumer Digital Business in March

MoneyGram Online (MGO) achieved its 15th consecutive month of triple-digit transaction growth with 131% year-over-year cross-border transaction growth for March

Growth has been driven by consumer demand for the Company's leading app as it sustains strong app download growth rates and continues to experience strong customer retention rates

PR Newswire

DALLAS, April 15, 2021 /PRNewswire/ -- MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, today announced MoneyGram Online (MGO) recorded an all-time high in cross-border transactions as well as 131% growth in year-over-year cross-border transactions for the month of March. This marks the fifteenth consecutive month of triple-digit growth for MGO. This continuing growth has been driven by consumer demand for the Company's leading mobile app as it sustains strong app download growth rates and continues to experience strong customer retention rates.

"It's thrilling to see MoneyGram hit this growth milestone in our direct-to-consumer digital business," said Alex Holmes, MoneyGram Chairman and Chief Executive Officer. "Our investments in digital and our commitment to building direct relationships with consumers have enabled the company to capture market share. The growth in monthly active MGO app users is outpacing the competition, and we remain focused on scaling our digital business by fostering a customer-centric culture, elevating our digital experience, and executing our purpose-driven strategy to mobilize the movement of money."

In addition to delivering the industry's best customer experience through its app, MoneyGram has continued to hit digital milestones and break records by focusing its strategy on rapidly expanding its digital capabilities internationally, targeting new customer segments, and growing its digital footprint through partnerships with leading brands such as Visa Direct. In the month of March, the Company reported an all-time high in Visa Direct transactions with 545% year-over-year growth.

Holmes concluded: "Our innovation is winning with consumers and driving significant momentum in our business. Our growing digital channel has established the foundation for MoneyGram's long-term, sustainable growth, and profitability."

About MoneyGram International, Inc.

MoneyGram is leading the evolution of digital P2P payments. With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and leading customer-centric capabilities, MoneyGram has grown to serve nearly 150 million people across the globe over the last five years.

The Company leverages its modern, mobile, and API-driven platform and collaborates with the world's leading 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.

For more information, please visit ir.moneygram.com and follow @MoneyGram.

Media Contact

Stephen Reiff

media@moneygram.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/moneygram-delivers-all-time-record-high-for-transactions-in-its-direct-to-consumer-digital-business-in-march-301269814.html

SOURCE MoneyGram



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News