MoneyGram & Plaid Partner to Streamline Payments

Author

Slice of Finance Team
23 Apr

Key Highlights:

  • New partnership enables fast, secure bank authentication for U.S. customers

  • Improves domestic and cross-border payments via MoneyGram Online (MGO)

  • Leverages Plaid’s extensive financial data network for enhanced conversion and fraud prevention

  • Plans to scale internationally in 2025

Source: PR Newswire

Notable Quotes:

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“This partnership with Plaid expands our global capabilities to deliver faster, more secure payments for our customers.”

Anthony Soohoo, Chief Executive Officer at MoneyGram
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“Now, MoneyGram can leverage the power of the Plaid network to quickly and securely drive conversion, reduce bank returns and proactively prevent fraud.”

Brian Dammeir, Head of Payments and Financial Management at Plaid

Why This Matters:

This strategic collaboration between MoneyGram and Plaid reflects the increasing demand for secure, streamlined financial connectivity. By integrating Plaid’s widely trusted network with MoneyGram’s expansive global reach, the partnership addresses the evolving expectations of consumers for faster and safer financial services. It also reinforces the industry's broader shift toward digital-first, cross-border payment solutions that prioritize user experience and fraud prevention.