MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced a partnership with PayMaya Philippines to launch a new digital capability that allows customers to send money from the United States to the Philippines through Visa Direct, Visa’s real-time push-payment solution. Consumers in the United States can use the leading MoneyGram mobile app or website to send money that arrives almost instantly to any PayMaya Visa cardholder located in the Philippines.
“Our digital business is delivering phenomenal growth driven by strong demand for our customer-centric capabilities as well as our leading global network that enables consumers to quickly and conveniently receive money directly into their bank accounts,” said Kamila Chytil, MoneyGram Chief Operating Officer and leader of the Company’s digital business. “Our strong partnership with Visa Direct has been an important part of our strategy to accelerate digital growth over the last few years, and I’m excited about how this latest integration with PayMaya will further improve the customer experience and drive digital growth.”
“We are glad to offer yet another convenient way for PayMaya account holders across the country to quickly and conveniently receive funds from their loved ones in the United States through our partnership with MoneyGram and Visa. As cashless becomes the default for most, Filipinos can now experience safe and convenient ways to receive funds and transact even while at home through this service using their PayMaya app,” said Shailesh Baidwan, President of PayMaya.
“In the Philippines today, majority of Visa debit and prepaid cards are enabled to receive real-time payments via Visa’s real-time push payment solution, Visa Direct. We are extremely pleased to work with PayMaya and MoneyGram to enable Visa cardholders in the Philippines the ability to receive funds seamlessly and securely from their family and loved ones in United States. According to BSP’s data, Overseas Filipino Workers made a total of US$11 billion for US-based remittances in 2019[2] and money transfers from U.S. contributed close to 40% of total remittances in the Philippines.[3] In this digital age, we believe it is important to introduce solutions that can benefit our cardholders’ lives, including making cross-border remittances hassle-free and efficient,” said Dan Wolbert, Visa Country Manager for the Philippines & Guam.
This new service is a huge milestone for the remittance industry in the Philippines which is one of the largest markets globally. The approximately two million Filipinos living and working in the United States[4] will now be able to use MoneyGram to send money seamlessly and conveniently via Visa Direct either on MoneyGram’s website or mobile app, to any PayMaya account holder in the Philippines using their 16-digit Visa physical or virtual card number.
Once they have received the funds in their PayMaya accounts, they can easily use the funds to shop online or in-store using the same Visa card, or buy load, pay their bills, settle their government dues, and send money to other PayMaya users or Smart Padala centers nationwide, all within the PayMaya app.
About MoneyGram International, Inc.
MoneyGram (NASDAQ: MGI) is a global leader in cross-border P2P payments and money transfers. Its consumer-centric capabilities enable family and friends to quickly and affordably send money in more than 200 countries and territories, with more than 80 countries now digitally enabled.
MoneyGram leverages its modern, mobile, and API-driven platform and collaborates with the world’s leading brands to serve millions of people each year through both its walk-in business and its direct-to-consumer digital business.
With a strong culture of innovation and a relentless focus on utilizing technology to deliver the world’s best customer experience, MoneyGram is leading the evolution of digital P2P payments.
For more information, please visit www.MoneyGram.com and follow @MoneyGram.
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Helpful nito ❤️
Mas Convenient na magpadala Ang mga OFW’s sa kanilang pamilya na nasa Pinas ❤️
Wow good news po ito money gram at paymaya mag katuwang nasa oag papadala ng pera mo from US iba na talaga ang moneygram mobile app level up na
Wow , napakalaking tulong nito lalo na sa mga OFW .. Mas pinadali at less hassle na ang pagpapadala from Money Gram to PayMaya ang galing .
Good news po itong partnership ni Paymaya at Momeygram para mapadali ang pagpapadala sa pinas ng kanilang mga kamag anak na nasa ibang bansa..
nakakatuwa dahil mang ibang option ka on sending money plus collab pa sila ni pay maya kaya siguradong maganda ang serbisyo.p
Ang galing naman ng Paymaya mamu pang international na po ang peg nya ngayon.? Very convenient na po ang pag pa padala ng money from US to Philippines. Good partnership po eto ng Paymaya at Moneygram. It will transfer directly to their Paymaya accounts which they can use to shop online, pay bills or buy load etc. Good job Paymaya?
Ang galing po nito,The best talaga ang Paymaya,pwede ng Maka receive ng funds from United States through their partnership MoneyGram and Visa.
Wow maganda po ito,ang mga OFW’s natin sa US ay mas madali nang makakapagdala sa kanilang mga loved ones thru MoneyGram and Visa and transferred to their Paymaya accounts,napaka convenient talaga nito.
Wow no hassle na magpadala ng pera. Halos lahat naman ngayon may Paymaya na. Hindi na kailangang lumabas para kunin ang money remittance from your love ones.
galing nman mas lalong pinadali paymaya moneygram at visa mgkapartnership na nice very convinient na ang pagkuha ng pera
Very convenient sa mga tao?? napadali na ang pagpapadala sa ibang bansa??