DALLAS, July 9, 2020 /PRNewswire/ -- MoneyGram
International, Inc. (NASDAQ: MGI), a global leader in
cross-border P2P payments and money transfers, today reported
106% year-over-year digital transaction growth in June as strong
consumer demand for its leading digital capabilities and
customer-centric app continues to grow. The company also announced
the expansion of its consumer direct channel and online presence to
Iceland.
"Our digital results once again highlight how consumers around
the world are recognizing a 'new' MoneyGram that is delivering the
best digital experience in the industry and providing a seamless
connection to family and friends through our modern, mobile, and
API-driven platform," said Alex Holmes MoneyGram Chairman and CEO.
"We're especially encouraged by the stickiness of our digital
customers who are remaining loyal to our brand, and we continue to
focus on bringing our leading capabilities to more consumers in
more markets."
Each component of the digital business: MoneyGram Online,
digital partnerships, and sends directly to a wallet or bank
account contributed to the strong overall digital growth in
June.
"In addition to the significant increase in digital
transactions, our June results highlight how our digital business
is helping the company return to revenue growth," said Kamila Chytil, Chief Operating Officer and
leader of the company's digital business. "Our digital
transformation has significantly improved every part of the
company, and our agile investment approach continues to demonstrate
results."
About MoneyGram International, Inc.
MoneyGram is a global leader in cross-border P2P payments
and money transfers. Its consumer-centric capabilities enable
family and friends to quickly and affordably send money in more
than 200 countries and territories, with more than 70 countries now
digitally enabled.
MoneyGram leverages its modern, mobile, and API-driven
platform and collaborates with the world's leading brands to serve
millions of people each year through both its walk-in business and
its direct-to-consumer digital business.
With a strong culture of innovation and a relentless focus on
utilizing technology to deliver the world's best customer
experience, MoneyGram is leading the evolution of digital
P2P payments.
For more information, please visit moneygram.com and
follow @MoneyGram.
Contact:
Stephen Reiff
Media@MoneyGram.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/moneygram-digital-growth-maintains-strong-momentum-and-market-expansion-continues-301091037.html
SOURCE MoneyGram