CoinTelegraph discussed the present and the future of international money transfer market with Peter Ohser, EVP of MoneyGram at Europe Money 20/20 which took place in Copenhagen.
MoneyGram is a money transfer company based in the United States , with regional and local offices spread around the world. Operating in more than 200 countries with a global network of more than 350,000 agent locations, it is the world’s second largest provider of money transfers. MoneyGram is focusing on transferring money across borders. The main goal is to make it as easy and efficient as possible to help people live better lives. Consistent growth of money transferring market
MoneyGram is currently number two in the world by the size of market share. The competitive environment has always been very strong and taking a leading position has been challenging at times. Peter Ohser explains to CoinTelegraph: “There is a competition in every country at different levels, and the competitive landscape is evolving with new digital tech companies entering the market and people coming in and providing different solutions. It has been quite consistent, there is nothing really changing dramatically. We are definitely seeing the convergence of technology and aspiration to make things better for consumers, however, in a lot of markets it is still unfeasible and regulatory pressures are still restricting some of the flow”. Building consumers’ trust is important
A number of factors allowed MoneyGram to continue gaining success on the money transfers market and distinguish itself among competitors. MoneyGram was able to spread across the globe and create ubiquitous opportunities to send money in various regions, which significantly expands the use-case of the product. Likewise, the company has spent a lot of time building it’s brand and acquiring people’s trust.
Peter Ohser says to CoinTelegraph: “When you move money it’s all […]
