MoneyGram is expanding its digital cross-border payment services through an exciting new partnership with dLocal, a leading payments provider specializing in emerging markets. This collaboration will extend MoneyGram’s reach into high-demand regions such as APAC, EMEA, and soon LatAm, offering faster, more affordable payment solutions. The partnership aims to provide seamless transactions via digital wallets and bank accounts, significantly lowering the average cost of cross-border payments. With a focus on leveraging cutting-edge technology and deep local expertise, MoneyGram and dLocal are set to revolutionize remittances across key global markets.
- The average cost of cross-border payments with MoneyGram is just 2.9%, far below the global average of 6.35% and traditional bank fees of 12.66%.
- The partnership will leverage dLocal’s advanced payout solutions and local payment methods, enhancing MoneyGram’s ability to offer faster, more efficient transactions.
- The collaboration will focus on expanding digital payment services in emerging markets across APAC, EMEA, and LatAm, driving financial inclusion in high-growth regions.
