Moneygram announced on Thursday that it expanded its open banking partnership with Plaid to Europe, bringing the possibilities of payment by banks to customers across the main markets after a successful start in the United States.
Integration enables Moneygram customers in Europe to connect and connect their bank accounts through Plaid’s open banking technology.
The companies said that this provides a faster, smooth and safe way to finance international payments, and support Moneygram to build what he calls a “financial world without borders.”
“The international expansion of our partnership with PLAID reflects our commitment to saving time, effort and money by constantly improving their experience,” said Anthony Suhoh, CEO of Moneygram.
“We are working with Plaid to build faster and more powerful tools that make the movement of money across the border simple and reliable for everyone.”
This step reinforces the global fingerprint of Moneygram, which already extends more than 200 countries and countries, about 500,000 retail sites and more than five billion digital contact points.
Security is said to remain central to the initiative. Moneygram highlighted PLAID guarantees, compliance and consumer protection systems, which aim to ensure that sensitive information is maintained throughout the payment process.
“When it comes to payments, the Europeans want to transfer money across the continent and beyond quickly and free of friction. Moneygram provides increasing demand experiments, supported by Plaid wage by the bank,” said Brian Damir, head of payments and financial management at Plaid.