MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, today announced a partnership with Sigue Corporation, a leading U.S. based transnational P2P and B2B payment company.
The partnership enables Sigue's U.S. customer base to access MoneyGram's domestic and international receive network, adding scale to Sigue's existing global footprint.
"Over the last few years, we've built a modern, mobile, and API-driven organization that enables companies to seamlessly plug into our global network to provide expanded services for their customers, and we're thrilled to announce our latest partner integration with Sigue," said Alex Holmes, MoneyGram Chairman and CEO. "Opening our global platform to companies like Sigue enables us to increase payment volumes through our network and process additive transactions. MoneyGram has built an extremely valuable, tech-enabled, and scalable global payments infrastructure that can absorb significant volume at very low marginal cost. As other companies plug into our platform, we have the opportunity to create meaningful processing revenue in the years ahead, and I'm excited about the momentum in the market leading to a strong partnership pipeline."
The MoneyGram and Sigue partnership is the most recent successful integration in the new MoneyGram as a Service business line. Partnerships such as this expand processing volume by enabling other financial institutions to access the Company's global payout capabilities through its powerful API-driven infrastructure and best-in-class technology.
"We are very enthusiastic about our partnership with MoneyGram, as it allows us to scale further, quicker and keep our resources free to focus on creating the best money remittance experience in the business. It strengthens our market presence as the world's leading privately owned remittance business and confirms our credentials as a leading technology innovator for the global money services industry," said Guillermo de la Viña, Sigue CEO and Founder. "This reaffirms our commitment to serving millions of families through our secure, reliable, and innovative services, with the dignity and respect our customers demand and deserve. The partnership further enables Sigue to better serve our customers by expanding our commitment to provide the value-added services that our customers and agent base expect, which is the cornerstone of our success."