Case Study: MoneyGram Simplifies Germany-to-Bangladesh Money Transfers with TransFi

MoneyGram powers Germany-to-Bangladesh transfers with TransFi across 70+ countries and 250+ payment methods

TransFi, a global payments platform, provided its services to MoneyGram to address the challenge of sending money from Germany to Bangladesh. The primary challenge was ensuring cost-effective and convenient transfers for end-users, focusing on the final amount received in BDT rather than just the advertised transfer fee, and offering multiple payout options like bank deposits, cash pickup, and mobile wallets such as bKash and Nagad.

The solution implemented by TransFi involved leveraging its global payment infrastructure, which offers access to over 250 payment methods and 40 currencies. For the Germany to Bangladesh corridor, TransFi provided a dedicated flow for entering transfer details, reviewing fees and exchange rates, and tracking payments, supporting local payout rails. This enabled MoneyGram to offer its customers a transparent and efficient service with various delivery options, ensuring more money reached recipients quickly and conveniently.

MoneyGram