Financial Technology

Financial Technology

September 25, 2012

MoneyGram and Gemalto Collaborate on Stress-Free Payment Plans

Earlier this week, MoneyGram (News - Alert), a major global money transfer company, and Gemalto (Euronext NL0000400653 GTO), a worldwide icon in digital security, announced that MoneyGram services will soon be available through Gemalto's (News - Alert) LinqUs Mobile Money solution.

MoneyGram enables consumers not fully served by traditional financial institutions to meet their financial needs by offering money transfer services worldwide, as well as bill payment services in the United States and Canada.

By integrating MoneyGram's money transfer platform with Gemalto's LinqUs mobile payment platform solution, customers will be able to receive transfers directly to their mobile wallets and send international transfers from a mobile phone to one of MoneyGram's 284,000 locations worldwide.

MoneyGram's global network will enable Gemalto Mobile Financial Services clients, including banks and mobile operators, the ability to offer convenient and secure mobile remittance services.

"MoneyGram is actively developing new mobile and online channels to meet our customers' evolving needs to access cash quickly, easily and globally," said Carl Scheible, EVP, MoneyGram Europe and Africa. Gemalto has extensive experience with global mobile financial services and will provide a secure environment that extends MoneyGram's money transfer services to consumers, giving them more options.

Gemalto currently works with more than 450 mobile operators and 3,000 financial institutions across the globe.

People will be able to use their mobile phones to access bank accounts, make payments and peer-to-peer transfers, and buy airtime, thanks to Gemalto's LinqUs Mobile Money solution. These services will connect a broader consumer segment with money transfer options.

Jean-Claude Deturche, Gemalto senior VP of Mobile Financial Services, stated that for senders and recipients worldwide, cross-border mobile money transfer offers compelling value in terms of convenience, reliability and safety. 

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Edited by Braden Becker

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