‘Cardless Payments launched in Europe by Trustly and MoneyGram’

Trustly and MoneyGram International have joined forces to offer cardless international money transfers to millions of MoneyGram users in Europe. This collaboration allows users to make payments directly from their bank accounts when sending money internationally through MoneyGram Online (MGO).

According to a recent press release, this service is now available in select European countries, including the United Kingdom and Germany. Jussi Lindberg, chief revenue officer at Trustly Europe, expressed excitement about the partnership and the ease it brings to transferring money across borders.

The cardless payment feature is made possible through Trustly’s Azura data engine, offering financial institutions near-instant payments and robust know your customer (KYC) capabilities. These capabilities complement MoneyGram’s existing financial technology platform, making international money transfers more seamless.

With this new offering, MGO users no longer have to manually enter their card details on the app. Sara Vassar, chief product officer at MoneyGram, emphasized the company’s commitment to innovation and providing secure and convenient solutions for global money transfers.

Pay-by-bank, also known as account-to-account (A2A) payments, is gaining popularity among consumers, with 36% of U.S. consumers using this payment method. The convenience, simplicity, security, and speed of pay-by-bank payments have contributed to high consumer satisfaction.

In a related development, Klarna recently announced open banking-powered settlements in the United Kingdom, allowing consumers to pay directly from their bank accounts. Dwolla also expanded its services with open banking capabilities for mid- to enterprise-sized businesses to offer fast and secure A2A payments.

Overall, the collaboration between Trustly and MoneyGram represents a step forward in making international money transfers more efficient and accessible for users in Europe.


More from this stream


Celebrate the Earth in April with Brochu Walker

April is officially Earth Month, and what better to mark the month than with the super-chic, conscious luxury brand, Brochu Walker? Here’s the low-down on this...

CEO Discusses Q1 Results: Strong Performance with 16% Increase in Net Income

Article 0 Comments The Travelers Companies, Inc. today reported first quarter net income of $1.123 billion, up 16% compared to $975 million in the prior year quarter. Core income in the current...

Choosing the Best CFO Executive Search Firm for Your Business

If the past year has taught us anything, it’s that leadership matters. This is especially true among companies in the Digital Health, Life Sciences, FinTech, and Software & Technology sectors with the myriad challenges and opportunities presented by the pandemic. Whether you are bolstering your C-suite to support continued success and growth or seeking executives […]

The post Selecting the Right CFO Executive Search Firm for Your Company appeared first on Insights Success.

‘ProCook joins forces with Food Cycle charity’

Kitchenware brand ProCook has announced a new partnership with Food Cycle, a UK charity that aims to alleviate food poverty, loneliness and food waste through community dining. The move...

‘Leading VC Firm Raises .2Bn with Focus on AI Industry’

Andreessen Horowitz, a prominent Silicon Valley venture capital group led by veteran tech investors Marc Andreessen and Ben Horowitz, has successfully raised $7.2 billion for investment in tech startups, marking one of the largest fundraising efforts by a venture capital firm in recent years. The funds will be allocated across various new funds, including those […]

The post Silicon Valley VC- Andreesan Horowitz Secures $7.2Bn Focusing on AI Industry appeared first on Insights Success.

‘1GW HyFuels renewable energy portfolio acquired by Nova Clean Energy’

HyFuels comprises wind and solar development projects in mid-to-late-stages alongside an earlier stage green ammonia project, all located on the Texas Gulf Coast Nova Clean Energy has acquired a...