MoneyGram and Plaid, the data network powering the fintech tools millions of people rely on to lead a healthier financial life, announced the expansion of their pay-by-bank partnership to Europe. Following its successful U.S. launch, the integration enables MoneyGram customers in Europe to easily connect and authenticate their bank accounts through Plaid's trusted open banking technology, providing a new seamless and secure option to fund international payments across key European markets.
MoneyGram announced its next-generation mobile app, introducing a digital, USD-backed stored value account designed to work seamlessly with both traditional fiat currencies and stablecoins. Consumers who were once constrained by fragmented systems and local currencies will now be empowered to leverage stablecoins to access a fast and modern way to move and hold money across borders.
MoneyGram announced the appointment of three new independent members to its Board of Directors: Colin Walsh, founder of Varo Bank; Chris Trendler, founding partner of Pendra Group; and Katherine Carroll, former executive at Stripe.
Anthony Soohoo was surprised by the Senate's failure to advance the Clarity Act, but emphasized that MoneyGram will keep moving forward and focus on what it can control.
MoneyGram launched a stablecoin-backed card that lets customers spend at merchants accepting Visa or access local cash through MoneyGram.
MoneyGram has launched the MoneyGram Card, a stablecoin-backed card on the Stellar network.
You’re ready to send money to someone you care about when you notice a number on the screen labeled “exchange rate.” If you’ve never sent money internationally before, it can feel confusing fast. Is it part of the fee? Does it affect the transfer? Are you supposed to know what it means before you continue?
Bancolombia is Colombia’s largest bank, with millions of personal account holders across the country. Because so many Colombians bank with Bancolombia, it’s one of the most common destinations for money transfers from the US.
Banamex, formally Citibanamex, is one of Mexico’s oldest and most widely used banking institutions. Because so many families in Mexico bank with Banamex, many US-to-Mexico money transfers eventually need to land in a Banamex account.
