Benzinga | Jan 11, 2022 02:12PM EST

MoneyGram Launches Partnership With Japanese Fintech Smiles To Enable International Money Transfers

MoneyGram International, Inc. (NASDAQ:MGI), a global leader in the evolution of digital P2P payments, today announced a strategic partnership with Digital Wallet Corporation, a global fintech company and the owner of Smiles Mobile Remittance (Smiles), a leading mobile money transfer service and digital wallet in Japan. Consumers in Japan can now use the Smiles mobile app -- powered by MoneyGram's global payment rails and near real-time capabilities -- to send money to more than 200 countries and territories around the world.

"Partnering with leading fintech companies around the world is a critical component of our strategy, and we are thrilled to open our unique, global platform to one of the world's fastest-growing fintechs," said Alex Holmes, MoneyGram Chairman and CEO. "An increasing number of companies are looking to leverage our core capabilities to quickly add services and scale, and we continue to get excited about increasing payment volumes through our network and creating meaningful processing revenue in the years ahead."

"Digital Wallet Corporation is delighted to partner with MoneyGram in the rapidly-growing, cross-border money transfer and payments market in Japan," said Eiji Miyakawa, Digital Wallet Corporation President & CEO. "We believe the best way to reach and help our customers is through this collaboration with the respected MoneyGram brand and global network. Digital Wallet is looking forward to a successful strategic partnership with MoneyGram."

The service is now live for consumers.