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MoneyGram

Provider
FX / PayoutsCrypto / StablecoinPSP

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 14 companies across 3 categories.

moneygram.com ↗Also analysed as a company — its own stack →
CategoriesFX / Payouts, Crypto / Stablecoin, PSP
Rank#13 of 179 in FX / Payouts
Buyers14 companies
HeadquartersDallas, Texas, United States
Founded1940

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Founders & story · from MoneyGram’s own dossier

Founded in 1940 as a domestic money-order business, MoneyGram evolved into one of the world's two dominant cross-border remittance networks. After a failed Ant Group acquisition attempt (blocked by CFIUS in 2018), the company went private via Madison Dearborn Partners in 2023 and pivoted aggressively into digital and blockchain-enabled payments. By 2026, MoneyGram had launched its own stablecoin (MGUSD) on Stellar and a stablecoin-backed Visa card in Colombia, repositioning itself from a legacy cash-pickup network into a hybrid fiat-and-crypto cross-border payments infrastructure provider.

Latest round: PE Growth (Madison Dearborn Partners acquisition, June 2023)
Recent developments
  • 2026-06Launched MGUSD, MoneyGram's own USD-pegged stablecoin, on the Stellar blockchain; Fireblocks provides custody and Bridge provides issuance infrastructure. source ↗
  • 2026-09Launched the MoneyGram Card — a stablecoin-backed Visa card in Colombia, digital-first via Apple/Google Wallet, built with Rain (card issuing), Crossmint (wallet), and Circle USDC. source ↗
  • 2026-05-20Joined Tempo as its first remittance validator and settlement partner, advancing stablecoin-based settlement for MoneyGram's remittance network across 200+ countries. source ↗
Full dossier: MoneyGram’s own stack, layer by layer →
Who uses MoneyGram
14 companies disclose MoneyGram in their stack
Damane CashMyBambuGCashNALAFrente CorretoraPolaris Bank Ltd.ChangeraKCB GroupBFC (Bahrain Financing Company)AirtelKcbOoredoo+2 more
Buyer mix · 14 of 14 classified
Fintech / Cross-border payments · 6Bank / National · 4Fintech / Neobank · 2Fintech / Consumer banking · 1Fintech / SMB banking · 1
Africa · 5MENA · 3US · 2APAC · 2Canada · 1LATAM · 1
What the disclosures say
Damane Cash
“Homepage and 'Nous connaître' page: 'Western Union, MoneyGram, Ria, MoneyTrans font confiance à Damane Cash' for international transfer reception.”
MyBambu
“mybambu.com/en/international-money-transfer/ explicitly states 'International transfers are provided by Servicio Uniteller Inc., MoneyGram and Spectrum Global Payment Solutions, Inc., NMLS ID 937914.' Spectrum privacy policy hosted at mybambu.com/en/privacypolicyinternationaltransfers/ confirms Spectrum as money transm…”
NALA
“Homepage lists sender/receiver countries; Rafiki.API blog describes self-built African payment rails across 18 markets; April 2026 MoneyGram partnership press for stablecoin settlement.”
Frente Corretora
“Simple product page names MoneyGram and Travelex as partner products embedded in the white-label offering.”
Polaris Bank Ltd.
“Homepage lists transfer partners: Western Union, MoneyGram, Fix Direct, Small World, Transfast, Polaris FlitCash, RIA Money Transfer.”
Changera
“Tekedia article confirms Changera integrated with MoneyGram and Stellar network for cash-in/cash-out globally.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent MoneyGram? Claim this profile above to unlock your own full list.
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What MoneyGram runs on · from its own dossier
The third-party providers MoneyGram itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose MoneyGram.
Sponsor Bank
Pathward
BaaS
Pathward
Card Issuing
Rain
Card Network
Visa
Crypto / Stablecoin
CrossmintBridgeCircleTempo
Crypto Custody
Fireblocks
Full dossier with evidence for each layer →
Alternatives to MoneyGram

Other FX / Payouts providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Currencycloud81 buyers →Airwallex80 buyers →Nium67 buyers →Wise Platform58 buyers →Stripe49 buyers →Convera33 buyers →Adyen26 buyers →Visa Direct23 buyers →
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Ranked #13 of 179 in FX / Payouts — Embedded Finance Index 2026
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MoneyGram — frequently asked

Which companies use MoneyGram?

14 companies are linked to MoneyGram in the Embedded Finance Index 2026, through their own public disclosures or MoneyGram's published customer list, including Damane Cash, MyBambu, GCash, NALA, Frente Corretora, Polaris Bank Ltd., Changera, KCB Group, BFC (Bahrain Financing Company), Airtel and 2 others.

What does MoneyGram do?

MoneyGram is an embedded-finance provider in FX / Payouts, Crypto / Stablecoin and PSP. It ranks #13 of 179 FX / Payouts providers by linked companies.

What are the alternatives to MoneyGram?

The most-named FX / Payouts alternatives to MoneyGram are Currencycloud (81 buyers), Airwallex (80 buyers), Nium (67 buyers), Wise Platform (58 buyers), Stripe (49 buyers) and Convera (33 buyers).

Where is MoneyGram headquartered?

MoneyGram is founded in 1940 and headquartered in Dallas, Texas, United States.

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