Digital money transfer service MoneyGram (NASDAQ: MGI) announced last week it has teamed up with fintech KyckGlobal to better serve the large and growing population of gig economy workers in the U.S. by offering cash payments receivables for their work. While sharing details about the partnership, MoneyGram Chairman and CEO, Alex Holmes, stated:
“This partnership is a great example of how we continue to execute our growth strategy to capitalize on the strength of our leading digital and physical network to serve new customers, in new ways. We’re thrilled to partner with another innovative fintech company that seamlessly plugged into our API-driven platform to deliver both choice and convenience for consumers.”
CRO of KyckGlobal, Sam Wheeler, also commented:
“As a result of our partnership with MoneyGram, we can now better serve these workers by providing them with quick and convenient access to receive their hard-earned money in cash.”
MoneyGram’s Head of Digital Revenue, Matt Frye, went on to add:
“Over the last few years, MoneyGram has invested heavily to upgrade its technology infrastructure and build APIs so more companies can quickly integrate into our platform and we can thereby connect more people with our award-winning services. We’re thrilled to announce this partnership with KyckGlobal, and we look forward to growing this relationship and others in the months and years ahead.”
MoneyGram offers person-to-person money transfer and payment services in more than 200 countries and territories through a global network of approximately 350,000 locations, working with retailers, international post offices and banks.