MoneyGram has strengthened its offering through a partnership with Sigue, a specialist US-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.
Alex Holmes, MoneyGram Chairman and CEO, commented: “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.
“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.
Guillermo de la Viña, Sigue CEO and Founder added: “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.
“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.”