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MoneyGram FastSend Could Take Off Due to Coronavirus

MoneyGram FastSend Could Take Off Due to Coronavirus

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FintechNews RoundupUSA
··1 min read

While coronavirus is causing turmoil throughout global markets and businesses there could be some unintended benefits; MoneyGram’s FastSend could find some benefits from the uncertainty as it allows for people to send money for a small fee through the MoneyGram website; though most of their business is still based on walk-ins to storefronts their business has been becoming more digital for the last few years; FastSend is built on Visa Direct rails and MoneyGram says it is the industry’s fastest transaction; “FastSend has been in the market for about two weeks and it’s taking off tremendously quickly,” said Alex Holmes, MoneyGram’s Chairman and CEO, to Forbes. “Our vision is to be a leader in cross border P2P and FastSend enables us to be the first company to use it for cross border payments.” Forbes

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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