MoneyGram’s new partnership with Mastercard signals a major leap in global money transfers, enabling near real-time payments and expanding financial inclusion through cutting-edge digital infrastructure.
AT A GLANCE
- MoneyGram teams up with Mastercard to power global money transfers.
- U.S. Mastercard users can now send funds to 38 international markets.
- The collaboration leverages Mastercard’s Move platform for faster digital payments.
- The initiative aims to improve financial access across emerging economies.
- Analysts project the deal will solidify both firms’ positions in the fintech space.
Partnership Brings Speed and Scale
MoneyGram and Mastercard have announced a partnership designed to revolutionize international digital payments through Mastercard’s Move platform. According to Investing.com, the new system enables U.S.-issued Mastercard holders to send funds to 38 countries, offering near real-time transfers and promising to extend this reach even further by the end of 2025.
This strategic integration combines MoneyGram’s vast global network—which already spans 200+ countries and 450,000 locations—with Mastercard’s digital infrastructure that supports over 10 billion endpoints. Together, they aim to create a seamless and secure digital ecosystem for personal and business transfers, particularly in underserved regions.
Watch a breakdown of the Mastercard Move integration.
Empowering Users and Advancing Inclusion
Mastercard Move brings to the table a suite of tools that enhance user experience and drive efficiency. These include real-time funding, lower transaction costs, and rapid disbursement capabilities. MoneyGram CEO Anthony Soohoo said the partnership “aligns with our mission to make cross-border payments seamless and affordable,” emphasizing the global importance of digital financial inclusion.
As noted in PYMNTS, Mastercard’s technological advantage gives users a better alternative to legacy systems that are slower, more expensive, and less transparent. Both companies believe the partnership will bridge a major gap in financial access—especially in areas where banking infrastructure is weak.
Chiro Aikat, Co-President of Mastercard U.S., stressed the role of reliable money transfers in expanding the digital economy. “Efficient and secure transactions are key to connecting more people and communities to economic opportunity,” he said via Investing.com.
Long-Term Market Implications
This collaboration not only enhances user capabilities but also strengthens the market positions of both companies. Mastercard, valued at over $500 billion, continues to show strategic resilience by investing in emerging markets and diversifying its service offerings. MoneyGram, which handles more than $200 billion annually and serves over 50 million users, sees the partnership as a competitive edge in a fast-growing fintech sector.
The move could also reinforce Mastercard’s dividend growth record—now at 20 consecutive years—while extending its global influence. Industry observers like Tigress Financial Partners have labeled Mastercard a strong buy amid ongoing expansion, even as rivals like Visa consider collaborations with tech disruptors like Apple.
Ultimately, this MoneyGram-Mastercard alliance showcases how legacy financial firms can evolve through digital transformation—enabling secure, efficient, and inclusive money movement across the globe.
