Market Overview

Visa and MoneyGram Team Up to Simplify Overseas Money Transfers


The new relationship will streamline the process of sending and
receiving money internationally

Visa (NYSE:V) and MoneyGram today announced a strategic agreement that
will modernize and digitize the process of sending and receiving money
overseas. Utilizing Visa Direct, Visa's real-time1 push
payments platform, the agreement will enable secure cross border
remittances; once live, MoneyGram's service will enable its users to
choose their preferred method of sending and receiving funds.

This press release features multimedia. View the full release here:

Visa Direct allows companies to leverage Visa's global reach and scale
to transform domestic and cross-border payments for businesses and
consumers. The agreement with MoneyGram is the first cross-border use
case for Visa Direct transactions originating in the U.S. The initial
phase includes two priority corridors (United States to Mexico and
United States to Philippines) and Visa and MoneyGram intend to later
expand the agreement to enable MoneyGram to speed up transactions to
additional markets. By collaborating with MoneyGram, one of the largest
money transfer providers in the world, Visa is poised to enable the
process of sending and receiving money internationally quickly and
seamlessly for customers around the world, regardless of borders or

"Visa Direct and MoneyGram share a common goal of helping consumers move
money around the world with confidence, transparency and security," said
Cecilia Frew, senior vice president and head of North America Push
Payments, Visa. "By pairing Visa Direct's push payments technology with
MoneyGram's expansive network, we are giving consumers a more convenient
payment choice when sending money to their loved ones around the world."

"We are pleased to work with Visa Direct to offer another quick and
convenient option when customers need to send money to family and
friends around the globe," said Alex Holmes, MoneyGram's chairman and
CEO. "The service is another example of how MoneyGram is delivering a
true omnichannel experience – giving customers' choice to transact any
way and anywhere they want."

MoneyGram's money-transfer service allows customers to send money to
more than 200 countries from their computers, their mobile devices or at
one of MoneyGram's thousands of locations worldwide. Backed by the
security and scale of Visa's global payment network, Visa Direct will
help MoneyGram's customers make fast, secure money transfers.

For more information about Visa Direct, visit:

About MoneyGram

MoneyGram is a global provider of innovative money-transfer and payment
services and is recognized worldwide as a financial connection to
friends and family. Whether online, or through a mobile device, at a
kiosk or in a local store, we connect consumers any way that is
convenient for them. We also provide bill payment services, issue money
orders and process official checks in select markets. More information
about MoneyGram International, Inc. is available at

About Visa Inc.

Visa Inc. (NYSE:V) is a world leader in digital payments. Our mission
is to connect the world through the most innovative, reliable and secure
payment network – enabling individuals, businesses and economies to
thrive. Our advanced global processing network, VisaNet, provides secure
and reliable payments around the world, and is capable of handling more
than 65,000 transaction messages a second. The company's relentless
focus on innovation is a catalyst for the rapid growth of connected
commerce on any device, and a driving force behind the dream of a
cashless future for everyone, everywhere. As the world moves from analog
to digital, Visa is applying our brand, products, people, network and
scale to reshape the future of commerce. For more information, please
visit About
Visa and @VisaNews.

1 Actual fund availability depends on receiving financial
institution and region. Visa requires fast-funds enabled issuers to make
funds available to their recipient cardholders within a maximum of 30
minutes of approving the transaction. Please refer to your Visa
representative and the Visa Direct Original Credit Transaction Global
Implementation Guide for more information.

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