“Even in these challenging times, we delivered record digital transaction growth in July that accelerated to 124%,” said Alex Holmes, MoneyGram Chairman and CEO.  “After reporting a strong June where the Company returned to year-over-year global revenue growth, we’ve continued to see the underlying momentum in our business strengthen as our customer-centric digital transformation drives extremely strong results.”

Overall year-over-year July digital transaction growth of 124% and digital revenue growth of 109% was driven by the following components:

  • MoneyGram Online, the Company’s direct-to-consumer channel, delivered 126% year-over-year transaction growth in July, led by cross-border transaction growth of 207% as strong adoption of the MoneyGram app continues to grow in markets around the world;
  • Digital partnerships delivered 101% year-over-year transaction growth in July, an acceleration from 97% year-over-year transaction growth in the second quarter
  • Account deposit and mobile wallet transactions increased 165% in July, which is an acceleration from
Read More