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MoneyGram Expands Cross Border P2P Service With Visa Direct

“MoneyGram International, Inc. (NASDAQ: MGI ), a global provider of innovative money transfer services, today announced the expansion of its debit card deposit service internationally which it launched in collaboration with Visa through Visa’s real-time1 push payments platform, Visa Direct. This service is now available to Spain and the Philippines. As a result of the launch, MoneyGram is the first company in the industry to enable cross-border transfers from the United States using Visa Direct. The company expects to launch the service to additional countries in the coming months.”