MoneyGram and Mastercard have announced a strategic collaboration to enhance digital money transfers globally. Through Mastercard Move, MoneyGram customers can now send and receive funds faster, more securely, and with greater financial accessibility.
SINGAPORE, 2 APRIL 2025 – MoneyGram, a leading global financial technology company, has partnered with Mastercard to enhance digital money movement both within the U.S. and across international borders. By integrating Mastercard Move, a suite of money transfer solutions, MoneyGram aims to offer faster, more secure, and cost-effective transactions to millions of customers worldwide.
Through this collaboration, customers using any U.S.-issued Mastercard can now send funds to 38 eligible countries including Singapore with near real-time processing. Additionally, MoneyGram users can receive money through 10 billion endpoints worldwide, further strengthening global financial accessibility. More cross-border payment features are expected to roll out through 2025.
Faster, Safer, and More Affordable Money Transfers
The partnership offers key benefits for MoneyGram customers:
- Speed & Convenience – Send and receive funds quickly using Mastercard’s network, including bank accounts, mobile wallets, and cash pickup points.
- Security & Reliability – Transactions are backed by the trusted MoneyGram and Mastercard networks, ensuring secure and seamless transfers.
- Lower Costs – Digital-first transactions come with competitive fees, making money transfers more affordable.
- Expanded Financial Access – MoneyGram’s vast global network, spanning 200 countries and territories, is now further enhanced by Mastercard Move’s reach across 180+ countries and 150 currencies.
Empowering Financial Inclusion Globally Anthony Soohoo, CEO of MoneyGram, emphasized the importance of this partnership in advancing financial inclusion:
“We’re excited to collaborate with Mastercard to expand financial access for individuals and communities worldwide. Our mission is to make cross-border payments seamless, affordable, and secure, and this alliance strengthens that commitment.”
Chiro Aikat, Co-President of Mastercard U.S., added:
“By integrating Mastercard Move into MoneyGram’s network, we’re enhancing transaction speed and security, ensuring that funds reach the right hands when and where they’re needed most.”
With this collaboration, MoneyGram and Mastercard continue to redefine digital payments, making international transactions easier and more accessible for millions globally.
