SAN FRANCISCO—MoneyGram reported it is partnering with Tencent Financial Technology, the fintech division of Tencent, to enable consumers to send funds through MoneyGram Online, MoneyGram’s direct-to-consumer website and app, directly to recipients’ Weixin Pay wallet, a payment and digital wallet service in China.
“As consumers increasingly seek frictionless digital payout options, MoneyGram continues to roll out customer-centric solutions around the world,” John Gely, MoneyGram regional head of Asia Pacific, and South Asia, said in a statement. “MoneyGram has grown to serve over 150 million people in the last five years, and our business is now digitally enabled in more than 150 countries. Through this partnership with Tencent Financial Technology, we are proud to offer this fast, easy and reliable method to receive money in a market that so heavily relies on remittances.”
According to the World Bank, China received $51 billion in remittances in 2022, ranking as the third-highest receiving country for remittances in the world, IBS Intelligence reported.
Daily News Headlines. To Your Inbox. Every Day. And It’s Free
The biggest, best and freshest news reporting in credit unions remains free, and now has an added bonus---free shipping to your email address! That’s right. Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance.