MoneyGram Mobile App Demand and Customer Retention Powers Digital P2P Transaction Growth in November

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MoneyGram Online delivered 136% year-over-year cross-border transaction growth in November, marking the eleventh consecutive month of triple-digit growth

Dec. 9, 2020MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced the Company delivered 136% year-over-year cross-border transaction growth and 135% year-over-year revenue growth for November in its direct-to-consumer digital business, MoneyGram Online (MGO).

 

MoneyGram Mobile App Demand and Customer Retention Powers Digital P2P Transaction Growth in November

This marks the eleventh consecutive month of triple-digit year-over-year cross-border transaction growth in the channel. The Company also reported strong MGO revenue growth in November, posting the third-largest revenue month for MGO in 2020.

“The consistent, profitable growth in our consumer direct business has enabled it to quickly become one of the largest, fastest-growing fintechs in the industry,” said Alex Holmes, MoneyGram Chairman and Chief Executive Officer. “Our consumer-centric app is delivering a phenomenal return on investment as repeat usage and customer retention rates continue to exceed expectations.

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The successful execution of our strategy to accelerate digital growth is delivering remarkable value to shareholders, and we’re excited about our continued growth trajectory.”

As MoneyGram leads the evolution of digital cross-border P2P payments and money transfers, the Company has focused its digital strategy on delivering the industry’s best customer experience through its leading app, rapidly expanding its digital capabilities internationally, targeting a new customer segment, and growing its bank account & mobile wallet network by partnering with leading brands such as Visa Direct.

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“Our data-driven digital transformation and relentless focus on customer feedback has enabled the Company to quickly scale digital transactions and achieve strong revenue growth,” said Kamila Chytil, MoneyGram Chief Operating Officer and leader of the Company’s digital business. “We expect to continue to capture market share as we head into the Holiday season and maintain our strong momentum into the new year.”

MoneyGram is a global leader in cross-border P2P payments and money transfers. Its consumer-centric capabilities enable family and friends to quickly and affordably send money in more than 200 countries and territories, with 81 now digitally enabled.

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MoneyGram leverages its modern, mobile, and API-driven platform and collaborates with the world’s leading brands to serve millions of people each year through both its walk-in business and its direct-to-consumer digital business.

With a strong culture of innovation and a relentless focus on utilizing technology to deliver the world’s best customer experience, MoneyGram is leading the evolution of digital P2P payments.

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MoneyGram Mobile App Demand and Customer Retention Powers Digital P2P Transaction Growth in November - Brand SpurMoneyGram Mobile App Demand and Customer Retention Powers Digital P2P Transaction Growth in November - Brand Spur

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MoneyGram Mobile App Demand and Customer Retention Powers Digital P2P Transaction Growth in November - Brand SpurMoneyGram Mobile App Demand and Customer Retention Powers Digital P2P Transaction Growth in November - Brand Spur

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The Trade Desk Appoints Benson Ho as Senior Vice President, North Asia

SHANGHAI, CHINA - Media OutReach - 22 January 2021 - Global advertising technology leader, The Trade Desk, today announced the appointment of Benson Ho as Senior Vice President of North Asia. In this role, Ho will lead the company's business and growth strategy in the North Asia region, covering Greater China, South Korea and Japan. Ho will report to Tim Sims, Chief Revenue Officer.

 

 MoneyGram Mobile App Demand and Customer Retention Powers Digital P2P Transaction Growth in November - Brand Spur

 

Ho brings vast leadership experience in the Asian media industry, most recently as Chief Data Strategy Officer at Tencent Marketing Solution, an important early inventory partner of The Trade Desk in China. Prior to that, he served as Amnet's chief consultant and programmatic expert to Dentsu Aegis Network. He has also served in senior leadership positions at Sizmek, GroupM and Digitas.

 

"One of The Trade Desk's biggest priorities is Asia, and with Benson joining our team, we're confident he will help accelerate our growth strategy in the region," said Tim Sims, Chief Revenue Officer, The Trade Desk. "Benson brings experience and expertise of data-driven advertising, as well as his invaluable relationships with key partners and advertisers, that are specific and unique to the Asian market. I look forward to partnering with Benson as we execute our next phase of growth in the region."

 

"I am delighted to join The Trade Desk and build on the success the company has had in North Asia," said Ho. "The advertising industry is at a turning point right now, and there's enormous opportunity for brands to leverage global best practices and connect with consumers in new ways. It's very exciting to be a part of the team that's delivering a unique solution and expertise to global advertisers in the region."


About The Trade Desk

The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, MoneyGram Mobile App Demand and Customer Retention Powers Digital P2P Transaction Growth in November - Brand SpurTwitter, and LinkedIn. 

 

MoneyGram Mobile App Demand and Customer Retention Powers Digital P2P Transaction Growth in November - Brand Spur

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