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 Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term 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 Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term 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.”

💸 .@Trustly has announced its collaboration with @MoneyGram, aiming to introduce #cardless #payments for the latter’s users across #Europe.

Read The Paypers: https://t.co/ubAz9Qh9rf #thepaypers #paymentsnews #financialnews #onlinepayments #partnershop #paymentmethods pic.twitter.com/WZoNFzdGSg

— The Paypers (@ThePaypers) March 20, 2024

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.