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Fintech & Ecommerce

MoneyGram teamed up with US B2B and P2P company

Apr 21, 2021

The MoneyGram and Sigue partnership is the most recent successful integration in the new MoneyGram as a Service business line

MoneyGram Sigue

MoneyGram teamed up with US B2B and P2P company. Source: pexels.com

MoneyGram International has announced a partnership with Sigue Corporation, a US-based transnational P2P and B2B payment company.

The partnership enables Sigue’s US customer base to access MoneyGram’s domestic and international receive network, adding scale to Sigue’s existing global footprint.

Over the last few years, we've built a modern, mobile, and API-driven organization that enables companies to seamlessly plug into our global network to provide expanded services for their customers, and we're thrilled to announce our latest partner integration with Sigue. Opening our global platform to companies like Sigue enables us to increase payment volumes through our network and process additive transactions. MoneyGram has built an extremely valuable, tech-enabled, and scalable global payments infrastructure that can absorb significant volume at very low marginal cost. As other companies plug into our platform, we have the opportunity to create meaningful processing revenue in the years ahead, and I'm excited about the momentum in the market leading to a strong partnership pipeline
Alex Holmes, MoneyGram Chairman and CEO

Partnerships such as this expand processing volume by enabling other financial institutions to access the company’s global payout capabilities through its API-driven infrastructure and technology.

MoneyGram has grown to serve nearly 150 million people across the globe over the last 5 years. A lot of brands serve consumers through MoneyGram Online (MGO), its D2C digital business, global retail network, and emerging embedded finance business for enterprise customers, MoneyGram as a Service.

We’ve reported that Mastercard partnered with the Central Bank of Iraq.

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