MoneyGram International Inc., the U.S-based money transfer firm, has reportedly announced that it has partnered with PayMaya Philippines Inc. to introduce a new digital feature that allows customers to transfer money from the U.S to the Philippines through Visa Direct.
For the record, Visa Direct is Visa Inc.’s real-time push-payment solution that allows real-time fund transfer. This partnership has enabled American consumers to transfer money in real-time to PayMaya Visa cardholder situated in the Philippines through MoneyGram mobile app or website.
Speaking on the partnership, Kamila Chytil, Chief Operating Officer at MoneyGram said that strong collaboration with Visa Direct has been a pivotal part of the company’s strategy to boost digital growth over the past few years. Mr. Chytil added that he is excited about how this recent collaboration with PayMaya would further enhance the consumer experience and accelerate digital growth.
Shailesh Baidwan who is the President of PayMaya said that the firm is pleased to offer yet another easy way for PayMaya across the nation to use conveniently and quickly receive funds from their beloved ones in the U. S through a partnership with Visa and MoneyGram.
This new feature is a huge breakthrough for the payment sector in the Philippines which is one of the leading markets across the globe. Around two million Filipinos working and living in the United States mow can use MoneyGram to transfer money conveniently and seamlessly through Visa Direct either on MoneyGram's mobile app or website to any PayMaya account user in the Philippines using their 16-digit Visa virtual or physical card number.
Users can conveniently use the funds to shop in-online or online using the same Visa card, pay their bills, settle their dues, and transfer money to other PayMaya across the nation.
Source credit - https://www.wfmz.com/news/pr_newswire/pr_newswire_business/moneygram-and-paymaya-introduce-real-time-payment-solution-for-fund-transfer-from-united-states-to/article_e66bff3b-3884-5158-83dd-07d0d407e373.html