• News
    • Industry News
    • Company News
    • Funding Rounds
    • Partnerships
    • M&A
    • People News
  • Sector Updates
    • Blockchain & Cryptocurrencies
    • CyberTech
    • Data & Analytics
    • ESG FinTech
    • Funding Platforms
    • Infrastructure & Enterprise Software
    • InsurTech
    • Marketplace Lending
    • PayTech
    • PropTech
    • RegTech
    • WealthTech
  • Industry Research
    • Whitepaper: Addressing Advisor Movement in Wealth Management
  • Features
  • Events
    • AI FinTech Forum
    • AML & FinCrime Tech Forum
    • AML & FinCrime Tech Forum – USA
    • Data Management Tech Forum
    • ESG FinTech Summit
    • CX in Financial Services Forum
    • Global InsurTech Summit – Europe
    • Global InsurTech Summit – USA
    • Global RegTech Summit – Europe
    • Global RegTech Summit – APAC
    • Global RegTech Summit – USA
    • Global WealthTech Summit – Europe
    • Global WealthTech Summit – USA
  • FinTech Rankings
    • AIFinTech100
    • CyberTech100
    • ESGFinTech100
    • InsurTech100
    • RegTech100
    • WealthTech100
  • Market Maps
    • ESG FinTech
    • WealthTech
    • FinCrime Tech
  • Newsletters
  • Courses
    • Professional RegTech Certificate
  • Marketing
  • About Us
Search
  • LOG IN
Welcome! Log into your account
Forgot your password?
Recover your password
FinTech-Global FinTech-Global FinTech Global
  • News
    • Industry News
    • Company News
    • Funding Rounds
    • Partnerships
    • M&A
    • People News
  • Sector Updates
    • Blockchain & Cryptocurrencies
    • CyberTech
    • Data & Analytics
    • ESG FinTech
    • Funding Platforms
    • Infrastructure & Enterprise Software
    • InsurTech
    • Marketplace Lending
    • PayTech
    • PropTech
    • RegTech
    • WealthTech
  • Industry Research
    • Whitepaper: Addressing Advisor Movement in Wealth Management
  • Features
  • Events
    • AI FinTech Forum
    • AML & FinCrime Tech Forum
    • AML & FinCrime Tech Forum – USA
    • Data Management Tech Forum
    • ESG FinTech Summit
    • CX in Financial Services Forum
    • Global InsurTech Summit – Europe
    • Global InsurTech Summit – USA
    • Global RegTech Summit – Europe
    • Global RegTech Summit – APAC
    • Global RegTech Summit – USA
    • Global WealthTech Summit – Europe
    • Global WealthTech Summit – USA
  • FinTech Rankings
    • AIFinTech100
    • CyberTech100
    • ESGFinTech100
    • InsurTech100
    • RegTech100
    • WealthTech100
  • Market Maps
    • ESG FinTech
    • WealthTech
    • FinCrime Tech
  • Newsletters
  • Courses
    • Professional RegTech Certificate
  • Marketing
  • About Us
  • FinTech News
  • Company News
  • PayTech
  • P2P Payments
  • Partnerships
  • Sector Updates

MoneyGram partners with Plaid to streamline cross-border payments with pay-by-bank solution

April 22, 2025
MoneyGram, a leading global payments network for consumers, businesses and communities, has announced a new partnership with Plaid, a data connectivity platform known for powering FinTech applications that help users manage their financial lives.

MoneyGram, a leading global payments network for consumers, businesses and communities, has announced a new partnership with Plaid, a data connectivity platform known for powering FinTech applications that help users manage their financial lives.

The collaboration aims to enhance the user experience for MoneyGram customers by integrating Plaid’s bank verification technology into the MoneyGram Online (MGO) platform, according to FF News.

The goal is to enable fast, secure funding for both domestic and cross-border payments, beginning in the United States and expanding to additional international markets later in the year.

MoneyGram operates a technology-driven cross-border payments platform that supports over 50 million customers annually.

Its network covers more than 200 countries and territories, offering both digital endpoints and approximately 450,000 retail locations. Through this partnership, MoneyGram seeks to meet growing consumer expectations for seamless financial interactions, reduce fraud, and increase transaction speed.

Plaid provides a widely trusted data network that connects with thousands of financial institutions across the United States, Canada, the United Kingdom and Europe.

By leveraging Plaid’s pay-by-bank solution, MoneyGram customers can link their bank accounts more efficiently. The integration allows for instant account verification, which enhances the security and ease of funding payments. In addition, the service is designed to minimise bank returns and proactively detect fraud.

The partnership capitalises on the increasing demand for linked financial services, particularly in the U.S. market, where over 75% of consumers consider bank-account linking vital. For FinTech users, the appeal of pay-by-bank options lies in their speed, convenience and additional layers of security.

“The MoneyGram network moves money for over 50 million customers each year, across nearly every country in the world,” MoneyGram chief executive officer Anthony Soohoo said. “This partnership with Plaid expands our global capabilities to deliver faster, more secure payments for our customers. It’s a clear step forward in our mission to make cross-border payments seamless, affordable and secure for everyone.”

“Plaid provides the most widely used and trusted network across digital financial services, covering thousands of financial institutions across the United States, Canada, Europe and the United Kingdom,” Plaid head of payments and financial management Brian Dammeir said. “Now, MoneyGram can leverage the power of the Plaid network to quickly and securely drive conversion, reduce bank returns and proactively prevent fraud.”

Keep up with all the latest FinTech news here

Copyright © 2025 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.

  • TAGS
  • bank verification technology
  • Cross-Border Payments
  • digital payments platform
  • financial data connectivity
  • fraud prevention FinTech
  • instant account verification
  • MoneyGram
  • MoneyGram Online
  • pay-by-bank solution
  • Plaid partnership
Previous articleBrookfield backs Barclays’ £400m push to grow merchant payments business
Next articlehaboo money and Griffin team up to launch flexible loan repayment wallet
hslade

RELATED ARTICLESMORE FROM AUTHOR

TransFi launches BizPay for ASEAN cross-border pay
B2B Payments

TransFi launches BizPay for ASEAN cross-border pay

risk
Company News

Rethinking inherent risk in modern financial crime

Currenxie launches EEA accounts to power SME global trade
Banking Infrastructure

Currenxie launches EEA accounts to power SME global trade

Company News

Payward buys Reap to boost global payments infrastructure

Bloxley partners with Equals Money to power European payments
FinTech News

Bloxley partners with Equals Money to power European payments

Company News

GLN connects to Vietnam’s national QR payment network

Latest Analysis

US wealthtech funding Q1 2026
FinTech News

US WealthTech investments surged by 95% YoY in Q1 driven by...

May 14, 2026
LatAm top FinTech deals Q1 2026
FinTech News

Brazil firms continue to dominate the LatAm FinTech market raking in...

May 11, 2026
European WealthTech deal activity Q1 2026
FinTech News

UK cemented its place as the main European WealthTech hub with...

May 7, 2026
UK FinTech funding projection 2026
FinTech News

UK FinTech funding expected to grow by 26% in 2026 due...

May 5, 2026
Euopean top FinTech deals Q1 2026
FinTech News

UK cemented its place as the European FinTech hub attracting four...

May 1, 2026

News Stories

compliance

Can compliance become a real-time control layer?

May 22, 2026
Compliance was built for a slower world of periodic reviews, manual checks and retrospective oversight. But finance no longer operates at that pace. Transactions...
Yotta

Yotta Technologies fined $1m over false FDIC claims

May 22, 2026
Yotta Technologies, a San Francisco-based savings and sweepstakes platform, has been ordered to pay a $1m penalty by California's Department of Financial Protection and...
Ocean

Ocean raises $28m to fight AI-driven email threats

May 22, 2026
Ocean, an agentic email security platform that uses autonomous AI to investigate every incoming message, has emerged from stealth with $28m in total funding...
financial services

Parliament receives landmark UK financial services reform bill

May 22, 2026
The UK government has introduced the Financial Services and Markets Bill to Parliament, a sweeping piece of legislation designed to modernise sector regulation, strengthen...

How investment firms can fix broken due diligence workflows

May 21, 2026
Investment management due diligence is at a crossroads. While the pressure to modernise has never been greater, a significant number of firms remain anchored...
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
© FinTech Global © Copyright 2024. All rights reserved.

Technology partner
Advanced Vision IT

120,000+ FinTech leaders get exclusive industry stories delivered every week

MORE STORIES

Wagestream raises £17.5m to enhance financial services for frontline workers

April 18, 2024
Korea

Korea regulator acts on fund disclosure failures

May 14, 2026