Paytm Payments Bank tie-up with MoneyGram to enable international fund transfer

Paytm Payments Bank has partnered with MoneyGram, a peer-to-peer remittance company to enable international fund transfer directly to Paytm Wallet. 

With this partnership, MoneyGram users abroad can now transfer money to any full KYC-compliant Paytm Wallet. This is MoneyGram’s first mobile wallet partnership in India. MoneyGram transactions received digitally in India currently represent about 50% of all transactions received in the country. This is MoneyGram’s first mobile wallet partnership in India.

About the MoneyGram:

MoneyGram transactions in India received digitally currently represent nearly 50 % of all transactions received in the country. The number of transactions sent directly to bank accounts is up about six times from just under 10 % two short years ago.