MoneyGram
Send cash globally
MoneyGram is a financial services company specializing in money transfers, allowing people to send funds domestically and internationally through retail locations or online.
Like Western Union, it serves those who need to wire money quickly, often to recipients without traditional bank accounts: She sent money to her family through MoneyGram.
Funds sent elsewhere
- diasporaScattered population sharing origins
- migrant workersPeople moving for jobs
- family supportAid from relatives
- home countryOne's nation of origin
expatriates · foreign workers · cross-border · household income · transnational · immigrant · seasonal workers · breadwinner
Electronic bank-to-bank payment
- remittanceFunds sent elsewhere
- payoutMoney distributed to recipient
- cash pickupRetrieving physical money
- mobile walletPhone-based payment system
bank deposit · funds transfer · instant transfer · express delivery · tracking number · transaction fee · exchange rate · recipient
Without bank accounts
- underbankedLacking full financial services
- cash economyCommerce using physical currency
- fee structureOrganized pricing scheme
- transfer limitMaximum permitted transaction amount
compliance · identification · verification · regulation · licensed · fintech · digital payments · cryptocurrency
Standalone public booth
- Western UnionRemittance service company
- WalmartLargest global retailer
- CVSMajor American drugstore chain
- post officePublic mail facility
currency exchange · storefront · branch · outlet · terminal · convenience store · supermarket · pharmacy chain
remittance
Funds sent elsewhere
- diasporaScattered population sharing origins
- migrant workersPeople moving for jobs
- family supportAid from relatives
home country · expatriates · foreign workers · cross-border · household income · transnational · immigrant · seasonal workers · breadwinner · support network
wire transfer
Electronic bank-to-bank payment
- remittanceFunds sent elsewhere
- payoutMoney distributed to recipient
- cash pickupRetrieving physical money
mobile wallet · bank deposit · funds transfer · instant transfer · express delivery · tracking number · transaction fee · exchange rate · recipient · sender
unbanked
Without bank accounts
- underbankedLacking full financial services
- cash economyCommerce using physical currency
- fee structureOrganized pricing scheme
transfer limit · compliance · identification · verification · regulation · licensed · fintech · digital payments · cryptocurrency · blockchain
kiosk
Standalone public booth
- Western UnionRemittance service company
- WalmartLargest global retailer
- CVSMajor American drugstore chain
post office · currency exchange · storefront · branch · outlet · terminal · convenience store · supermarket · pharmacy chain · global network
- Payment Methodscash, credit card, debit card, check, cheque
- International Transferswire transfer, SWIFT, remittance, bank transfer, cross-border
- money transferWestern Union, wire transfer, PayPal, Venmo, remittance
- Remittanceswire transfers, bank transfers, transfer fees, Western Union, Wise
- paymentspayment, monthly payment, cash payment, payment date, credit cards
- fintechfintech, mobile banking, digital wallet, mobile payment, digital wallets
MoneyGramcommercial bank
Deposit and loan institution
retail bank · JPMorgan Chase · Bank of America · savings bank · credit union
money, gram, moneys, monies, moneyed, monetary, monetize, monetization, grams