Moneygram Reports Jump in Mobile Wallet Transfers

International remittance provider MoneyGram flagged a rapid increase in transactions made to mobile wallets during May, as lockdown measures due to the COVID-19 (coronavirus) pandemic continued across several countries.

In a business update, the company said the number of digital payments processed was up 100 per cent year-on-year in May, a further increase on already significant growth booked in Q1 when digital transactions on its platform were up 57 percent.