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Fonemoney Partners With MoneyGram to Expand Global Payments From South Korea
Fonemoney Partners With MoneyGram to Expand Global Payments From South Korea
New partnership Brings Fonemoney Users Instant Access to MoneyGram's 200-Country Network
SEOUL, KR / ACCESS Newswire / June 3, 2025 / Fonemoney, a specialized small-amount overseas remittance company approved by the Financial Supervisory Service in South Korea, is proud to announce a strategic partnership with MoneyGram, a leading global payments network for consumers, businesses and communities. Through this partnership, Fonemoney customers will gain access to MoneyGram's vast global network, allowing for seamless payments to over 200 countries and territories with the Fonemoney app.
Fonemoney's strategic partnership with MoneyGram, highlighting their joint commitment to expanding global remittance services from South Korea to over 200 countries and territories.
This collaboration marks a significant milestone for Fonemoney as it strengthens its international capabilities and enhances its commitment to providing fast, secure, and convenient remittance services.
"This partnership is a major step forward in our mission to connect people and their money across borders," said Boyoung Kim, General Manager at Fonemoney. "By connecting to MoneyGram's vast payments network, we are ensuring that our customers benefit from the highest standards of speed, safety, and accessibility in global remittance."
"The digital remittances market in South Korea is growing, projected to reach $5.32 billion in value by 20281," said Ahmed Aly, Head of Middle East South Asia and Asia Pacific region of MoneyGram. "Our partnerships with fintech players like Fonemoney further enhances our regional presense and enables us to better serve migrant workers who rely on fast, convenient transfers to support families in to China, Thailand, Vietnam, Philippines and other communities around the world."
About Fonemoney
Fonemoney (formerly registered as Staremit Co., Ltd.) is one of the fastest growing fintech based remittance companies licensed by Ministry of Strategy and Finance, Republic of Korea specializing in next-gen global money transfer services.
About MoneyGram
MoneyGram connects the world by making the movement of money across borders seamless, affordable and secure for everyone. Each year, the company serves more than 50 million people in over 200 countries and territories, processing over $150 billion USD annually. Headquartered in Dallas, Texas, with offices in 36 countries, MoneyGram is globally recognized for its high-performance culture and has been honored as a Top Workplaces USA award winner for four consecutive years.
1 [statista.com]
Contact Information
Kim Bo Young
General Manager
[email protected]
+8210-2813-6769
SOURCE: FoneMoney Co., Ltd.
View the original press release on ACCESS Newswire
L.Jeong--SG
