Stellar Partner Launches Cross-Border Payment Solution in Chile
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Loading... - Lia Alarcon
- 01 May 2023
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MoneyGram has launched the MoneyGram service in Chile.
Stellar partner MoneyGram International has launched the MoneyGram Online (MGO) service in Chile. According to a press release today, residents in Chile can utilize the solution to send money from the country to friends and families worldwide.
Commenting on the development, MoneyGram Chairman and CEO Alex Holmes said the company is thrilled to launch the MGO service in Chile, one of South America’s largest remittance markets.
“After our recent successful launch in Brazil, we are especially excited about our strong momentum in Chile,” said Holmes.
Remittance Service in Chile
It is noteworthy that over the past 25 years, MoneyGram has offered diverse ways for Chileans to send money worldwide. Chile is one of the largest remittance corridors in South America.
In 2021, a migrant population of 1.5 million people sent a whopping $762 million through traditional means. However, there is a new demand for online cross-border settlements in Chile. MoneyGram hopes to address these demands through the MGO solution. Read More..
