UTC-05:00,Tuesday , July 07th 2020

MoneyGram Notes 18% Growth In Digital Remittances

14:45 Friday , May 22nd 2020
According to the chief operating officer (COO) of MoneyGram, Kamila Chytil, by the end of the first quarter in 2020 MoneyGram noted a 57% hike in digital transaction year-on-year, as walk-in transactions fell. However, 18% of the total growth was contributed by remittance transactions. The COO noted that since the company's core demographic tends to immigrants, it saw remittances to e-wallet triple, and to promote this the company offered zero fees.
Read More