MoneyGram Digital Business Witnesses Quick Ascent with 30% of Company Transactions Now

DALLAS, Feb. 25: MoneyGram International, Inc. , a worldwide pioneer in cross-border P2P payments and money transfers, revealed the Company providdd 137% year-over-year cross-border transaction expansion for January in its direct-to- lient4 digital trade, MoneyGram Online (MGO), marking the thirteenth successive month of triple-digit year-over-year cross-border transaction expansion in the channel. The Company's client-centric app assisted in propelling MGO expansion as app transactions grew 161% year-over-year in January. Additionally, the Company revealed another vital milestone on its digital transformation journey as digital transactions accounted for a record 30% of all money transfer transactions. "We're pleased to report a strong start to the year, which demonstrates sustained momentum in consumer demand for our leading app and continued market share gains," said Alex Holmes, MoneyGram Chairman and Chief Executive Officer. "This has also brought our digital business to 30% of all money transfer transactions, resulting in a size and scale that has redefined MoneyGram's business." The Company's strong January results come on the heels of strong fourth quarter and full-year 2020 financial results. Earlier this week, MoneyGram reported a record number of digital customers in the fourth quarter of last year and 152% year-over-year cross-border transaction growth in MGO for the full-year. These results continue to be led by record digital growth and successful expense control measures. "As MoneyGram leads the evolution of digital cross-border P2P payments and money transfers, we continue to execute our strategy to deliver the industry's best customer experience," said Kamila Chytil, MoneyGram Chief Operating Officer. "Our January results are yet another example of how our customer-centric app is delivering industry leading returns on investment and driving strong customer lifetime value."