Some other top-ranked stocks in the Finance space are Byline Bancorp, Inc. Image Source: Zacks Investment Research Other Stocks to Consider Increased utilization of its money transfer services with partnerships similar to the latest one is likely to fetch higher money transfer revenues to the company, which accounts for a majority portion of its top line. The growing adoption of digital means worldwide serves as a perfect ground for MoneyGram’s digital arm to capitalize on. Several fintech consider MGI as one of the most trustworthy international money transfer organizations and remain intrigued to avail its vast global ecosystem to upgrade its service suite. It was on the basis of such partnerships and substantial investments that MoneyGram could build a solid digital arm and global presence over the years. The app also exhibits potential, evidenced by the significant amount of transactions amounting to $9.8 million that the mobile wallet app witnessed in the very first year of its operations. Also, the developer of Lynk oversees more than 60% of Jamaica’s payments market, which seems commendable. MoneyGram seems prudent to partner with a mobile wallet app this time, considering the bundled benefits that such apps provide and the significant number of smartphone users in Jamaica. Also, the alliance complements its age-old endeavor of extending increased choice as well as flexibility to consumers around the globe. Simultaneously, the tie-up with Lynk is likely to bolster the mobile wallet capabilities of MGI across several countries of the world that continues to witness significant remittance receipts. Inevidently, MoneyGram will be able to establish a strong foothold in the Caribbean country through its recent initiative of launching the first-ever international digital receive capabilities across Jamaica. Jamaican consumers can start availing this speedier, seamless and secure digital alternative to receiving funds from their loved ones from all across the globe. The partnership makes way for MoneyGram to introduce the feature of receiving cross-border payments directly into smartphones for the rapidly expanding user base of Lynk. MGI recently teamed up with the digital wallet app of Jamaica – Lynk which was introduced in December 2021 and is owned by the leading financial group of the country - National Commercial Bank Financial Group ("NCBFG"). Please note that cash transfers of individuals in foreign currency without opening an account within Ukraine are prohibited regardless of the amount.MoneyGram International, Inc. Upon receipt of the transfer in the amount exceeding the equivalent of UAH 400,000.00, it is necessary to provide the original passport or a document that replaces it, and the original TIN and open or have a current account with the Bank. To receive a transfer in an amount not exceeding UAH 400,000.00, it is enough to indicate the number (code) of the transfer and provide the original passport or a document that replaces it. When making a transfer in the amount exceeding the equivalent of UAH 400,000.00, it is necessary to provide supporting documents (in accordance with current NBU regulations) and open or have a current account with the Bank. To send a transfer in the amount not exceeding UAH 400,000.00 per day, it is necessary to provide the bank with the original passport or a document that replaces it. Requirements for sending and receiving transfers:
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |