Money Mart and MoneyGram Partner to Provide Global Money Transfer and Payment Services in Canada and the United States

Money Mart and MoneyGram have announced a strategic partnership to integrate international money transfer and payment services across more than 400 retail locations in Canada and the United States. This collaboration allows customers at Money Mart and The Check Cashing Store branches to access MoneyGram’s global network for cross-border transactions and bill payments. For the payments sector, this move signifies a significant expansion of physical cash-to-digital touchpoints, bridging the gap for underbanked consumers who rely on alternative financial services.

The partnership brings MoneyGram’s global payments network—which encompasses nearly 500,000 physical locations and over 5 billion digital endpoints—to the retail footprint of Money Mart and its subsidiary, The Check Cashing Store. Specifically, the rollout includes more than 350 locations in Canada and over 60 locations in the United States, primarily in Florida. This expansion provides MoneyGram with a strengthened physical presence in North America while offering Money Mart customers a streamlined method to send and receive funds globally with competitive rates.

Under the terms of the agreement, senders can initiate transfers from any participating store, while recipients have the flexibility to choose from multiple payout options, including in-store cash pickup, direct bank deposits, or mobile wallet deposits. Beyond simple peer-to-peer transfers, the integration also includes access to MoneyGram’s bill payment services, allowing customers to manage various financial obligations at a single location. Money Mart CEO Peter Kalen noted that the move is a milestone in enhancing financial accessibility, while MoneyGram CEO Anthony Soohoo highlighted the collaboration as a way to democratize access to secure, affordable global payments.

The deal reinforces Money Mart’s position as a comprehensive provider of alternative financial services, adding to its existing suite of products such as personal loans, cheque cashing, and currency exchange. For MoneyGram, which processes over $150 billion USD annually and serves more than 50 million people across 200 countries, the partnership leverages Money Mart’s established and trusted retail presence to facilitate seamless cross-border movement of money. This strategic alignment reflects a broader industry trend of traditional retail financial service providers partnering with global fintech networks to modernize their service offerings and capture a larger share of the remittance market.