MoneyGram International, Inc., a global leader in the development of P2P digital payments, has announced the launch of MoneyGram Online in Brazil. Consumers can now use the company’s main website to send money from Brazil in near real-time to family and friends around the world. Recipients can receive cash through the company’s suite of options designed to meet their unique needs, such as depositing into accounts or mobile wallets and receiving cash at the point of sale. MoneyGram launches this service with no transaction fees to consumers.

“As we continue to execute our strategy to grow and expand MoneyGram Online geographically, I am thrilled to announce that our website is now officially live in Brazil,”

“We are extremely proud of the immersive online platform we’ve built for customers around the world, and our sustained digital growth globally demonstrates that consumers truly value our leading user experience. We’re confident that this launch will enable us to capture growth from new customer segments, deepen relationships with established customers and create tremendous value for years to come.”

“This is a significant growth opportunity for MoneyGram to capture market share in a country with one of the largest populations in the world. As we approach the start of the new year, we’re set up for success.”

Alex Holmes, MoneyGram Chairman and CEO.

MoneyGram has had a prominent presence in Brazil with more than 1,000 points of sale across the country allowing consumers to send money abroad over the past 25 years. The company is committed to continuing to meet the ever-changing needs of consumers, and as demand increasingly moves online, MoneyGram now allows Brazilian consumers to send money on the go or from home or the lobby instantly. convenient way.

According to the World Bank, remittances from Latin America have steadily increased in recent years. In Brazil, immigration flows have increased by 24% over the past 10 years, reaching 1 million immigrants in the country by 2022. As demand for digital solutions in the country grows, so does the digital remittance segment. Brazil’s number is expected to grow by nearly 10% over the next five years. This new service is made possible thanks to MoneyGram’s partnership with Frente Corretora, a leading fintech company in Brazil.