Dallas, October 19th / PRNewswire / -- MoneyGram Today, we are launching a new global consumer experience that integrates digital fund transfers, cash withdrawals, and features powered by stablecoins into a single, connected experience. With the updated apps and website via MoneyGram, the renewed MoneyGram Online experience offers consumers more ways to send, receive, hold, and use funds across borders.

This redesigned experience is no longer limited to simple person-to-person remittances. Consumers can receive and hold funds digitally, make international remittances, pay bills, and top up their mobile phones, and convert between digital funds and cash through MoneyGram's global retail network. In some markets, consumers can also hold stable balances denominated in US dollars, thus having more choices in the way they hold and use their funds.

What underpins this experience is modern financial infrastructure, which includes stablecoin technology. However, consumers do not need to understand or manage these technologies themselves to benefit from them. MoneyGram handles the complexities of fund transfers in the background, enabling faster and more flexible movement and management of funds on a global scale in a simple and familiar manner for consumers.

MoneyGram Chairman and CEO Anthony Soohoo stated: "Global capital flows are becoming increasingly fragmented, forcing consumers to switch between different systems depending on how they wish to pay, receive, or use their funds. We are changing this. MoneyGram is integrating digital fund transfers, cash withdrawals, and services driven by stablecoins into a cohesive experience. No matter where they are, consumers will have more choices and greater control over how they send, receive, hold, and use their funds."

An integrated global experience designed for everyday consumers

MoneyGram The updated applications and websites are built around a simple promise: cross-border fund transfers and management should be as straightforward as possible. With this new experience, consumers can:

• Global remittances to bank accounts, debit cards, digital wallets, retail outlets, and users of the MoneyGram application. *
• Enjoy the competitive exchange rates provided by MoneyGram.
• Pay the bills and recharge your mobile phone.
• Use the MoneyGram balance to hold and utilize a stable dollar-denominated balance in certain markets.
• Withdraw cash through the global retail network of MoneyGram.
• Earn rewards by recommending friends and relatives.
• Experience a customized experience tailored to its respective market and preferences, with support for 40 languages.

This experience is aimed at bridging the gap between digital funds and physical cash, rather than viewing the two as separate ecosystems. The network of MoneyGram has unique advantages, enabling it to combine digital cross-border payments with local cash access to meet the diverse preferences of communities around the world. Consumers can choose how to send, receive, hold, or obtain funds according to their own needs.

MoneyGram is also increasingly connecting remitters and recipients within the same digital network. American consumers can now directly send funds to MoneyGram app users in markets such as Colombia and El Salvador. Recipients can receive and manage funds digitally, while in areas where it is available, they can still withdraw cash through the retail network of MoneyGram.

This allows MoneyGram to go beyond the traditional remittance model, which only involves a single transaction. Senders and recipients can participate in the same network, and after the funds are credited, there are additional ways to manage the funds across borders.

Global scale with the speed of fintech

This release marks a clear milestone in the transformation of the MoneyGram global payment network, combining digital product development with an entity network that covers over 200 countries and regions.

MoneyGram has established a common global foundation between its applications, website, and the MoneyGram balance. This enables the company to develop features once and then adapt them to local languages, payment methods, and consumer needs, making it easier to launch new services in various markets and scale their reach.

Stablecoin infrastructure is part of this foundation, and the consumer experience is still designed with the mass market in mind. Consumers can utilize the features offered by these tools without having to deal with the complexities typically associated with stablecoins and modern blockchain networks.

Currently, MoneyGram connects over 5 billion digital terminals, including wallets, bank accounts, and bank cards, and also provides access to nearly 500,000 retail outlets worldwide. Together, this network enables consumers to switch between different forms of funds and various methods of accessing them, covering everything from the digital value held in applications to cash withdrawn locally.

MoneyGram Chief Product and Technology Officer Luke Tuttle stated: "Our product strategy is centered around the consumer, not the technology. People shouldn't have to worry about which products to use or how the backend technology works. They just need to be able to transfer, receive, and use funds in a way that suits them. We have built a global platform that makes this experience simpler today and also lays the foundation for our continuous improvements."

The updated MoneyGram applications and website are now available in markets around the world. For more information: https :// www.moneygram.com / us / en / send-and-receive / money-transfers-in-app

*The available methods of receipt vary depending on the channel and will be displayed during the transaction process on the website and within the app. For more information, see moneygram.com.

About MoneyGram

MoneyGram is a global payment network that provides seamless remittance services through a digitally-driven omnichannel platform, supporting both fiat and stablecoin transactions. With over 85 years of accumulated credibility, the company offers fast and reliable cross-border financial solutions to consumers, developers, and agents around the world.

The company's services cover over 60 million active customers in more than 200 countries and regions, nearly 500,000 retail outlets, as well as a rapidly expanding digital ecosystem that reaches billions of devices. As one of the most well-known and trusted brands in the global payment industry, MoneyGram continues to reshape the way funds flow, helping people around the world to support their loved ones and create a better future. For more information, visit corporate.moneygram.com.

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