MoneyGram International, Inc. (NASDAQ: MGI), a global leader in the evolution of digital P2P payments, delivers innovative financial solutions to connect the world's communities. 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 over 150 million people in the last five years. The Company leverages its modern, mobile, and API-driven platform and collaborates with the world's top brands to serve consumers through its direct-to-consumer digital channel, global retail network, and embedded finance business for enterprise customers. MoneyGram is also a leader in pioneering cross-border payment innovation and blockchain-enabled settlement.
In January 2020, recognizing the need to expand beyond traditional and transactional corporate philanthropy and CSR, the Board of Directors formalized the Social Impact function with the goal of establishing a comprehensive Social Impact program. By the end of 2020, various Company functions had been assessed and opportunities for local and global impact were identified - ultimately creating "four pillars of purpose" within a new, broader Social Impact Policy. With the full support of leadership going into 2021, we worked throughout the year to establish the foundations of these four pillars.
We will maintain a commitment to applicable environmental, social and governance standards, and seek opportunities to leverage our systems and networks to create positive societal change.
The MoneyGram Foundation aligns with corporate citizenship strategy through grants in the areas of financial literacy, financial inclusion, and workforce readiness.
We will develop and promote strategies and practices which support and engage all stakeholders regardless of gender, race, ethnicity, sexual orientation, national origin, background, or ability.
We encourage and support our global network of employees who are making an impact in the communities where they live and work.