MoneyGram Expands Visa Debit Card Deposit Service Throughout Europe

MoneyGram International, Inc., a world leader in cross-border P2P payments and remittances. (NASDAQ: MGI) today announced that it will expand its Visa debit card deposit service throughout Europe.

The extension was launched in collaboration with, the world’s leading payment solution provider, leveraging Visa Direct, Visa’s real-time push payment platform. MoneyGram customers can now use their website or major mobile apps to send money to Visa debit cardholders in 575 corridors in 25 European countries in near real time.

Alex Holmes, Chairman and CEO of MoneyGram, said: “Our strategic partnership has allowed MoneyGram to build a world-leading network. This expansion is another milestone in leading the evolution of digital P2P payments.“ To bank accounts and mobile wallets. Consumer demand for direct real-time payments is skyrocketing, and as a result, we are excited to integrate with leading fintech and continue to expand our partnership with VisaDirect. ”Already quite a bit. We are seeing customer recruitment and look forward to contributing to strong digital growth in the European market this year. “

In 2019, MoneyGram was the industry’s first organization to enable cross-border transfers from the United States using VisaDirect. Since then, MoneyGram has built on its established relationship with Visa and the multiple benefits its services bring to its customers, including speed, convenience, affordability and choice.

Guillaume Pousaz, CEO and Founder of, said: “We are pleased to partner with MoneyGram to provide consumers with low-cost, real-time, transparent payments and boost the momentum of global digital P2P.“ Visa’s use of Visa Direct for European merchants As it accelerates, is proud to empower Fintech and merchants alike through its cloud-based enterprise Connected Payments platform, unleashing the potential for cross-border payment opportunities. “

This new service is a major milestone for the European money transfer industry, one of the largest transmission markets.

Nicky Alexander, Head of Visa Direct in Europe, said: “We look forward to continuing our ongoing relationship with MoneyGram to make this possible through real-time payments to more people around the world.”

MoneyGram Expands Visa Debit Card Deposit Service Throughout Europe

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