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Paytm partnered with MoneyGram

Published on December 25, 2021
Current Context: The Paytm Payments Bank has entered into a partnership with MoneyGram.
Paytm partnered with MoneyGram
  • They have partnered to enable funds transfer at the international level.
  • The funds will be transferred directly into the Paytm Wallet.
  • Due to this partnership, MoneyGram customers across the world will be able to send money to the millions of fully KYC compliant Paytm Wallets in India in a real-time domain.
  • This is MoneyGram's first mobile wallet partnership.
  • Due to this partnership, there will be an increase in growth rates for MoneyGram as more customers will avail of the facility.
  • Static Part: 
    • HQ of Paytm Payments Bank: Noida, UP
    • HQ of MoneyGram: Dallas, Texas, US


Q.1 Which entity partnered with MoneyGram to enable international funds transfer facility in the real-time domain?
a. Paytm Payments Bank
b. PhonePe
c. NSDL Payment Bank
d. BharatPe

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