Moneygram teams up with Korean fintech

Moneygram gets nearly $13.4 billion in annual remittance outflows

MoneyGram and E9Pay

Moneygram teams up with Korean fintech. Source: shutterstock.com

MoneyGram International has announced a collaboration with E9Pay, Korean money transfer and payment company.

This way, E9Pay’s customers can easily connect to the MoneyGram platform and distribution network in more than 200 countries and territories.

According to a statement, their integration will particularly benefit consumers who send money between main corridors for E9Pay. They include Southeast Asia, Russia, and the Commonwealth of Independent States (CIS).

As we continue to closely manage the ongoing COVID-19 situation, we're also continuing to push forward on our strategy. E9Pay has a strong culture of innovation with a loyal customer base of avid users, and this partnership enables E9Pay customers access to our global platform, including our account deposit capabilities
Alex Holmes MoneyGram Chairman and CEO

The new partnership with E9Pay follows other successful MoneyGram collaborations in the region. Earlier, it has partnered with Woori Bank, Shinhan Bank, Korea Post, Kyongnam Bank, and Sentbe.

We’ve reported that MoneyGram launched MoneyGram FastSend service. It enables users to send money instantly to their friend’s mobile phone numbers via the MoneyGram website and mobile app.

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