back Back

MoneyGram selects Trustly to launch cardless payments in Europe

By Gloria Methri

March 21, 2024

  • Cardless Payments
  • Europe
  • FinTech
Share

MoneyGram, Trustly, International Money Transfers, Remittances, FinTech, Open Banking, Payments, EuropeTrustly, an innovative payment solutions provider has partnered with MoneyGram International, a global FinTech company that connects the world’s communities. Through this alliance, MoneyGram introduces cardless payments for millions of its users across Europe.

When sending international money transfers through MoneyGram Online (MGO)—MoneyGram’s website and app—users can enjoy increased flexibility with the ability to pay directly from their bank accounts. This service, made possible through Trustly’s open banking platform, now enables MGO users to bypass the need to enter card information on the app manually.

Jussi Lindberg, Chief Revenue Officer at Trustly Europe, shared, “We are delighted to partner with MoneyGram to offer our payment product to their users. We have long been impressed with their ability to offer fast, digital bank transfer payments well ahead of the general adoption curve. With this partnership, we look forward to giving consumers the ability to transfer money with ease, leveraging our collective cross-border capabilities and market-leading reliability.”

Leveraging its proprietary data engine, Azura, Trustly offers financial institutions a modern, pay-with-bank infrastructure that is equipped with near-instant payments and KYC capabilities.

Sara Vassar, Chief Product Officer at MoneyGram added, “For over eight decades, MoneyGram has been at the forefront of innovative, secure and convenient global money transfer solutions, meeting the dynamic needs and preferences of our customers. We are excited to partner with Trustly to continue to streamline the money transfer process for more consumers across Europe.”

Currently available in select European regions, the partnership has recently extended to additional countries, including the United Kingdom and Germany, within the last month.

Previous Article

March 21, 2024

Danske Bank migrates infrastructure to cloud with AWS

Read More
Next Article

March 21, 2024

Global consumers demand more payment flexibility for cross-border shopping surge

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

Cardless Payments

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 12, 2024

FinTech Focus: Catch latest developments of the week

Read More

April 12, 2024

Parafin secures $125m warehouse facility from Silicon Valley Bank & Trinity Capital

Read More

April 12, 2024

TransferGo raises $10m in funding from Taiwania Capital Management

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023