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MoneyGram doubles digital remittances in June

MoneyGram International Inc. more than doubled its digital remittance growth in June, with a 106% increase, as consumer demand for contactless payments continued as the country began to recover from the COVID-19 outbreak.

"Our digital results once again highlight how consumers around the world are recognizing a 'new' MoneyGram that is delivering the best digital experience in the industry and providing a seamless connection to family and friends through our modern, mobile and API-driven platform," Alex Holmes, chairman and CEO at Moneygram, said in a company release.

The company also announced that it would expand its digital presence to Iceland.