Ripple Partner and MoneyGram Kick off New Remittance Solution: Details

'MoneyGram Online' by MoneyGram launched with Ripple partner's help in Brazil

and one of Ripple's current partners, Frente Corretora, have joined forces to launch a new remittance solution in Brazil with zero fees for users.The new service is dubbed MoneyGram Online , and it allows customers to transfer money from Brazil to any nook on the globe to friends and family members at a pace close to real time.

Funds sent through MGO can be received via a variety of options — a deposit on a bank account, a mobile wallet or by collecting cash from retail points — all of these are provided by the MoneyGram giant. Head of MoneyGram Alex Holmes believes that the launch of this new remittance corridor will allow the company to increase its customer base around the world and improve relations with current clients.The company is already well established in Brazil, boasting more than 1,000 outlets in the country, where retail customers can send cash overseas, and they have been working there for a quarter of a century already.

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