MoneyGram selects Trustly to launch cardless payments in Europe

By Gloria Methri

Trustly, 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.