DALLAS, April 13, 2021 /PRNewswire/ -- MoneyGram
International, Inc., a global leader in the evolution of digital
P2P payments, today announced a partnership with Sigue
Corporation, a leading U.S. based transnational P2P and B2B payment
company. The partnership enables Sigue's U.S. customer base to
access MoneyGram's domestic and international receive network,
adding scale to Sigue's existing global footprint.
"Over the last few years, we've built a modern, mobile, and
API-driven organization that enables companies to seamlessly plug
into our global network to provide expanded services for their
customers, and we're thrilled to announce our latest partner
integration with Sigue," said Alex
Holmes, MoneyGram Chairman and CEO. "Opening our global
platform to companies like Sigue enables us to increase payment
volumes through our network and process additive transactions.
MoneyGram has built an extremely valuable, tech-enabled, and
scalable global payments infrastructure that can absorb significant
volume at very low marginal cost. As other companies plug into our
platform, we have the opportunity to create meaningful processing
revenue in the years ahead, and I'm excited about the momentum in
the market leading to a strong partnership pipeline."
The MoneyGram and Sigue partnership is the most recent
successful integration in the new MoneyGram as a Service business
line. Partnerships such as this expand processing volume by
enabling other financial institutions to access the Company's
global payout capabilities through its powerful API-driven
infrastructure and best-in-class technology.
"We are very enthusiastic about our partnership with MoneyGram,
as it allows us to scale further, quicker and keep our resources
free to focus on creating the best money remittance experience in
the business. It strengthens our market presence as the world's
leading privately owned remittance business and confirms our
credentials as a leading technology innovator for the global money
services industry," said Guillermo de la Viña, Sigue CEO and
Founder. "This reaffirms our commitment to serving millions of
families through our secure, reliable, and innovative services,
with the dignity and respect our customers demand and deserve. The
partnership further enables Sigue to better serve our customers by
expanding our commitment to provide the value-added services that
our customers and agent base expect, which is the cornerstone of
our success."
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.
MoneyGram Media Contact
Stephen Reiff
Media@MoneyGram.com
About Sigue Money Transfer
Founded in 1996, Sigue
Corporation has been dedicated to providing excellence with
industry-leading money business services through agent locations
and its critically acclaimed mobile and on-line applications.
In the United States, Sigue is
licensed in all 50 states and Puerto
Rico, and offers payment services to millions of customers
across the globe on six continents, with a network of hundreds of
thousands of strategically located pay locations and offices.
Sigue continues to identify and leverage strategic business
opportunities, working closely with legal authorities, financial
institutions, and strategic partners, earning international
recognition for having world class banking connectivity, compliance
functionality and brand recognition. The company has primary
operational centers in the United
States, India, and
Mexico.
Sigue Money Transfer Media Contact
Ken Keller
Ken.Keller@Sigue.com
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SOURCE MoneyGram