Creditcare Partners with Moneygram to Expand into Emerging Markets

Creditcare Technology, an innovative, multinational consumer finance company, announced that they have partnered with MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, to expand further into the emerging markets of the Philippines, Vietnam, and, now Nigeria with Moneygram.

CreditCare provides formal, innovative financial products, including personal loans and remittances, to the unbanked population, with a fully digital experience or at CreditCare's 35,000 brick-and-mortar locations.

The spokesperson at CreditCare Technology stated: "The partnership with MoneyGram is a significant milestone in our mission to bring inclusive financial services to users in emerging markets. We believe financial services should be easy, low-cost, and accessible to not just 10% of the population. The CreditCare and MoneyGram partnership provides greater access, security, and simplicity for people to remit funds and get access to lines of credit."

"The digital revolution has accelerated financial access for EMs, and decreased the high cost of customer acquisitions with increased efficiency in underwriting. This presents compelling investment opportunities and cross selling of products within fast-growing economies," said Julia G. Ko, Founder of CreditCare Technology. "We are excited to make digital financial products available to a broader range of populations."