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May 20, 2020

MoneyGram enters into payments partnership with South Korea’s E9Pay

MoneyGram International has joined forces with E9Pay, a remittance firm based in South-Korea.

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Through the alliance, users of E9Pay will be able to connect to the MoneyGram platform and distribution network in more than 200 countries.

MoneyGram COO and leader of the company’s digital efforts Kamila Chytil said: “We’re excited about how E9Pay is leveraging the strong consumer demand for our account deposit services, which is especially important given the ongoing global pandemic so that consumers can receive money from the comfort and safety of their own homes.

“E9Pay utilised our API-driven infrastructure to enable a quick and seamless integration.”

The partnership is said to particularly benefit fund transfers between Southeast Asia, Russia, and the Commonwealth of Independent States (CIS).

These serve as the South Korean firm’s key corridors.

In South Korea, MoneyGram also has tie-ups with Woori Bank, Shinhan Bank, Korea Post, Kyongnam Bank, as well as Sentbe.

MoneyGram chairman and CEO Alex Holmes said: “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.”

The latest partnership comes shortly after MoneyGram’s collaboration with India’s Federal Bank to offer direct-to-account deposits in India.

 

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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