MoneyGram (NYSE: MGI), a leading global money transfer company, and Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced a global agreement to provide MoneyGram services over Gemalto's LinqUs Mobile Money solution.
MoneyGram's money transfer platform will be integrated with Gemalto's LinqUs mobile payment platform solution, allowing customers to send international transfers from a mobile phone to one of MoneyGram's 284,000 locations worldwide or receive transfers directly to their mobile wallet. Gemalto Mobile Financial Services clients, including banks and mobile operators, will be able to connect directly to MoneyGram's global network and 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 Tim Summers, MoneyGram head of global strategic partnerships. "Gemalto has relationships with more than 450 mobile operators and 3,000 financial institutions worldwide. Their extensive experience with global mobile financial services brings a secure environment that extends MoneyGram's money transfer services to consumers and gives them more options."
Gemalto's LinqUs Mobile Money solution allows people to use mobile phones to access bank accounts, make payments and peer-to-peer transfers, and buy airtime. Mobile Money services also help connect a broader consumer segment with money transfer options.
"Cross-border mobile money transfer has compelling value for senders and recipients worldwide in terms of convenience, reliability and safety," said Jean-Claude Deturche, Gemalto senior vice president, Mobile Financial Services. "Leveraging consumer trust in MoneyGram and their extensive global reach, we enable our customers to provide their end-users with convenience and flexibility to get money where it's needed quickly and securely, anywhere in the world."