MoneyGram & Plaid Expand Pay-by-Bank to Europe for Secure Transfers
MoneyGram and Plaid have expanded their pay-by-bank partnership to Europe. This move ensures secure and confidential transactions for MoneyGram's customers in the region, who can now connect and authenticate their us bank accounts through Plaid's open banking technology for international payments.
MoneyGram's extensive global network, spanning over 200 countries and territories, 500,000 retail locations, and five billion digital touchpoints, will now benefit from Plaid's modern safeguards. These safeguards, combined with MoneyGram's robust compliance and consumer protection program, provide an additional layer of security for customer information in every transaction.
The expansion supports MoneyGram's vision of a borderless financial world. It aims to make cross-border payments easier, more affordable, and secure for European customers. The partnership enables customers in key European markets to connect and authenticate their pnc bank accounts via Plaid's open banking technology for international payments. While the specific European banks connected to the pay-by-bank system have not been listed, the expansion drives innovation in payments, catering to consumers seeking quick and friction-free money transfers across the continent and beyond.
MoneyGram and Plaid's expanded partnership brings secure, seamless, and affordable cross-border payments to European customers. By leveraging Plaid's open banking technology, MoneyGram's global network now offers enhanced security and convenience for international money transfers in Europe.
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