Dallas-based MoneyGram Wants to Give Gig Economy Workers Better Access to Cash Payments

MoneyGram announced a strategic partnership that would allow the platform to streamline and simplify the complexities of managing and paying contract workers.

MoneyGram International Inc., a Dallas-headquartered money transfer enterprise, today announced a partnership with Atlanta fintech startup KyckGlobal to better serve the expanding population of U.S. gig economy workers.

With the partnership, both companies aim to leverage each other’s platforms to drive growth. By integrating with KyckGlobal, MoneyGram is better enabled to streamline and simplify the complexities of managing and paying contract workers.

The nearly 60 million gig economy workers would be able to receive payments in cash when they complete a job.

“Over the last few years, MoneyGram has invested heavily to upgrade its technology infrastructure and build APIs so more companies can quickly integrate into our platform and we can thereby connect more people with our award-winning services,” Matt Frye, MoneyGram’s head of digital revenue, said in a statement.

MoneyGram said its innovative platform allows it to be a global leader in omnichannel money transfer and payment services that are safe, convenient, and affordable. Chairman and CEO Alex Holmes said the partnership is an example of how MoneyGram is continuing to “execute [its] growth strategy to capitalize on the strength of [its] leading digital and physical network to serve new customers, in new ways.”

“We’re thrilled to partner with another innovative fintech company,” Holmes said, “that seamlessly plugged into our API-driven platform to deliver both choice and convenience for consumers.”

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