MoneyGram Online Becomes Available in Brazil

MoneyGram consumers in Brazil can now send funds from the country in near real-time to family and friends around the world via the money transfer firm's website. 

For recipients, they can receive money through MoneyGram's suite of options designed to meet their unique needs, such as account deposit, mobile wallet, and cash pick-up from retail locations.

According to the official press release, this new service, provided by MoneyGram Online (MGO), is made possible through MoneyGram's partnership with Frente Corretora, a leading financial technology company in Brazil.

MoneyGram is launching this service with zero transaction fees for consumers.

"As we continue to execute our strategy to grow and expand MoneyGram Online geographically, I am thrilled to announce that our website is now officially live in Brazil," said Alex Holmes, MoneyGram Chairman and CEO.

"We are extremely proud of the immersive online platform we've built for customers around the world, and our sustained digital growth globally demonstrates that consumers truly value our leading user experience. We're confident that this launch will enable us to capture growth from new customer segments, deepen relationships with established customers and create tremendous value for years to come."

Global Partnership

In October, MoneyGram and Jingle Pay​, a financial app based in the United Arab Emirates (UAE), announced a partnership to enable convenient and fast global money transfers through the Jingle Pay app. Consumers in the UAE can use the Jingle Pay app – powered by MoneyGram's global payment rails and near real-time capabilities – to send money to over 200 countries and territories around the world.

In September, MoneyGram signed an extended partnership with e&, and built new partnership with Creditcare and CIBC.