Trustly has revealed a collaborative venture with MoneyGram International, Inc. ("MoneyGram"), a global financial technology enterprise fostering connectivity among diverse communities worldwide. This partnership aims to introduce cardless payment options for numerous users throughout Europe.

Open Banking Platform Enhances Payment Process for Users

MoneyGram is set to incorporate cardless payments into its services, catering to the preferences of its extensive user base across Europe. This integration allows users of MoneyGram Online ("MGO"), the company's flagship website and application, to leverage the convenience of direct bank account payments. Through Trustly's open banking platform, MGO users can now circumvent the manual entry of card details within the app, thereby enhancing flexibility and streamlining the transaction process.

Trustly's capabilities, underscored by its proprietary data engine, Azura, provide financial institutions with a contemporary pay-with-bank infrastructure. This infrastructure is characterized by its ability to facilitate near-instant payments and uphold best-in-class Know Your Customer standards. Notably, Trustly has garnered recognition from esteemed tech and fintech entities such as Dell Technologies, T-Mobile, Lyft, and now MoneyGram, solidifying its position as a preferred partner in the industry.

Sara Vassar, the Chief Product Officer at MoneyGram, said: “For over eight decades, MoneyGram has been at the forefront of innovative, secure and convenient global money transfer solutions, meeting the dynamic needs and preferences of our customers. We’re excited to partner with Trustly to continue to streamline the money transfer process for more consumers across Europe.”

Expansion of Collaborative Initiative Broadens Access across Europe

Initially accessible in select European locales, this collaborative initiative has recently expanded its reach to encompass additional countries, including the United Kingdom and Germany, over the past month. This extension reflects the partners' shared commitment to broadening accessibility and fostering convenience for users across diverse geographical regions.