Gemalto Enables MoneyGram to Offer International Money Transfers on Mobile Devices
DALLAS & AMSTERDAM--(BUSINESS WIRE)-- MoneyGram (NYS: MGI) , a leading global money transfer company, and Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced a global agreement to provide MoneyGram services over Gemalto's LinqUs Mobile Money solution.
MoneyGram's money transfer platform will be integrated with Gemalto's LinqUs mobile payment platform solution, allowing customers to send international transfers from a mobile phone to one of MoneyGram's 284,000 locations worldwide or receive transfers directly to their mobile wallet. Gemalto Mobile Financial Services clients, including banks and mobile operators, will be able to connect directly to MoneyGram's global network and offer convenient and secure mobile remittance services.
"MoneyGram is actively developing new mobile and online channels to meet our customers' evolving needs to access cash quickly, easily and globally," said Carl Scheible, executive vice president, MoneyGram Europe and Africa. "Gemalto has relationships with more than 450 mobile operators and 3,000financial institutions worldwide. Their extensive experience with global mobile financial services brings a secure environment that extends MoneyGram's money transfer services to consumers and gives them more options."
Gemalto's LinqUs Mobile Money solution allows people to use mobile phones to access bank accounts, make payments and peer-to-peer transfers, and buy airtime. Mobile Money services also help connect a broader consumer segment with money transfer options.
"Cross-border mobile money transfer has compelling value for senders and recipients worldwide in terms of convenience, reliability and safety," said Jean-Claude Deturche, Gemalto senior vice president, Mobile Financial Services. "Leveraging consumer trust in MoneyGram and their extensive global reach, we enable our customers to provide their end-users with convenience and flexibility to get money where it's needed quickly and securely, anywhere in the world."
MoneyGram, a leading global money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 284,000 Agent locations — including retailers, international post offices and financial institutions —in 196 countries and territories around the world. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2011 annual revenues of €2 billion and more than 10,000 employees operating out of 74 offices and 14 Research & Development centers, located in 43 countries.
We are at the heart of the rapidly evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work - anytime, everywhere - in ways that are enjoyable and safe. Gemalto delivers on their expanding needs for personal mobile services, payment security, authenticated cloud access, identity and privacy protection, eHealthcare and eGovernment efficiency, convenient ticketing and dependable machine-to-machine (M2M) applications.
Gemalto develops secure embedded software and secure products which we design and personalize. Our platforms and services manage these secure products, the confidential data they contain and the trusted end-user services they enable. Our innovations offer more ways for our clients to enhance the convenience and security of people's digital lives.
Gemalto thrives with the growing number of people using its solutions to interact with the digital and wireless world.
Europe, Middle East & Africa
Kristel Teyras, +33 1 55 01 57 89
Ernesto Haikewitsch, +55 11 51 05 92 20
Nicole Smith, +1-512-257-3902
Yvonne Lim, +65 6317 3730
Mike Gutierrez / Patty Sullivan, +1-214-303-9923
KEYWORDS: United States Europe North America Netherlands Texas
The article Gemalto Enables MoneyGram to Offer International Money Transfers on Mobile Devices originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.