MoneyGram International Inc. on Wednesday said in entered a partnership with India's Paytm Payments Bank. MoneyGram said through the arrangement, its customers can now send money to those with fully KYC compliant Paytm Wallets in India.

MoneyGram International has launched a partnership with Indian payments bank Paytm, allowing MoneyGram customers from around the world to send money directly to Patym wallets in India.

Saudi Arabia-based digital wallet urpay has tapped MoneyGram’s API-driven infrastructure and network to enable international transfers from Saudi Arabia. This strategic partnership builds upon the momentum MoneyGram has developed in the Middle East and further accelerates digital growth in one of the world's outbound remittance markets.

Digital payments firm MoneyGram collaborates with digital wallet urpay to allow for cross-border payments from Saudi Arabia, starting in early 2022. The partnership enables urpay to connect to the company's API-driven infrastructure and global network to provide users the ability to send money around the world.

MoneyGram International announced Thursday (Dec. 2) is working with the digital wallet provider urpay to power cross-border payments from Saudi Arabia. The partnership, expected to go live for customers early next year, lets urpay connect to Moneygram’s “API-driven infrastructure and global network to provide its millions of users the ability to send money around the world,” the company said in the news release.

Stellar made a big splash in October when it announced a partnership with international payments firm MoneyGram, a major player in remittances, to send Circle’s USDC stablecoin for cross-border payments.

From American Banker, I’m Polo Rocha, and this is Bankshot, a podcast about banks, finance and the world we live in. Here’s MoneyGram’s Chief Financial Officer, Larry Angelilli. “Outside the United States, banks are huge partners for us. I mean, we partner with banks all over the world. The United States has actually been sort of the exception, and I'm not really sure why.”

Even as cryptocurrencies have skyrocketed in price, there’s always been the question of what they can really be used for. One of the stronger use cases is remittances—the cross-border cash transfers that have long been dominated by the likes of Western Union Co. and MoneyGram International Inc. Intuitively, a technology that allows one person to send money to another without an intermediary could make remittances quicker and cheaper.

MoneyGram International, Inc., a market leader in cross-border P2P money transfer services, has been busy transitioning to the digital realm to stay relevant in the rapidly changing business environment. The company serves around 150 million customers globally, collaborating with leading brands.

Coinme launched operations in 2014 as one of the world’s first providers of bitcoin ATMs, but the company has now ditched its hardware in favor of two partnerships with Coinstar and MoneyGram.