MoneyGram International has joined forces with E9Pay, a remittance firm based in South-Korea.
Through the alliance, users of E9Pay will be able to connect to the MoneyGram platform and distribution network in more than 200 countries.
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By GlobalDataMoneyGram COO and leader of the company’s digital efforts Kamila Chytil said: “We’re excited about how E9Pay is leveraging the strong consumer demand for our account deposit services, which is especially important given the ongoing global pandemic so that consumers can receive money from the comfort and safety of their own homes.
“E9Pay utilised our API-driven infrastructure to enable a quick and seamless integration.”
The partnership is said to particularly benefit fund transfers between Southeast Asia, Russia, and the Commonwealth of Independent States (CIS).
These serve as the South Korean firm’s key corridors.
In South Korea, MoneyGram also has tie-ups with Woori Bank, Shinhan Bank, Korea Post, Kyongnam Bank, as well as Sentbe.
MoneyGram chairman and CEO Alex Holmes said: “E9Pay has a strong culture of innovation with a loyal customer base of avid users, and this partnership enables E9Pay customers access to our global platform, including our account deposit capabilities.”
The latest partnership comes shortly after MoneyGram’s collaboration with India’s Federal Bank to offer direct-to-account deposits in India.
