![]() ![]() With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and leading customer-centric capabilities, MoneyGram has grown to serve nearly 150 million people around the world over the last five years. MoneyGram is leading the evolution of digital P2P payments. "The Paytm Wallet is used by millions of Indians, and we hope that we continue to offer unmatched convenience and flexibility to the Indian diaspora across the world to send money home instantaneously."Īccording to the World Bank's 2020 estimates 1, India is the world's largest inbound market with remittances, estimated at $83 billion USD for the year. We are pleased to partner with MoneyGram, which is a trusted brand for money transfers globally," said Satish Kumar Gupta, MD & CEO, Paytm Payments Bank Ltd. "We always strive to empower Indians with seamless, digital banking services, and offering direct transfer of international remittances into the Paytm Wallet is another step in the same direction. With this mobile wallet partnership with Paytm Payments Bank, the Company expects more high growth rates as customers in India continue to value the convenience of digital receives. ![]() ![]() The number of transactions sent directly to bank accounts is up about six times from just under 10% two short years ago. MoneyGram transactions in India received digitally currently represent nearly 50% of all transactions received in the country. As consumer preference in India and beyond shifts toward receiving transfers digitally, MoneyGram is well-positioned to continue to meet demand." ![]() "The digitization of our receive network is a core component of our growth strategy which has led to exceptional results including an all-time high in our total transactions received digitally in the third quarter of this year. "We're thrilled to partner with Paytm Payments Bank to expand our mobile wallet capabilities into one of the largest receive markets in the world," said Alex Holmes, MoneyGram Chairman and CEO. MoneyGram Continues to Digitize Global Receive Network with Paytm Payments Bank Partnership, Connecting Company to Millions of Mobile Wallet Users in India ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |