Specialists in Alternative Financial Services

It's simple. Alternative Financial Services (AFS) is our core business. We specialize in understanding the market for AFS and bringing our expertise to you through a full array of non-traditional banking solutions. As one of the fastest-growing global remittance companies, financial institutions, businesses, and consumers alike have trusted MoneyGram for 70 years to move money when it matters most. Now you can too.

AFS is now mainstream

Sometimes misconstrued as just for the "underserved" or "underbanked" we know the market for AFS is much broader. In fact, more than one in four households or 68 million adults, are either unbanked or underbanked, conducting some or all of their financial transactions through non-traditional banking solutions like MoneyGram. Additionally, about 25% of households, including all underbanked households and 64.9% of unbanked households, used AFS in the last year.* So whether customers are banked, underbanked — or just plain in a hurry — your financial institution can serve the growing demands of their everyday needs with MoneyGram.

Our AFS suite delivers international and domestic person-to-person money transfer, expedited bill payment services in the U.S. and Canada, prepaid card loads and mobile recharge, money orders, official checks and more.

*April 2012, World Bank, Migration and Development Brief

Why choose MoneyGram?

  • Trusted by more than 4,000 U.S. financial institutions today
  • A leading global remittance company — moving millions of transactions each year
  • Highly recognized global consumer brand
  • Providing non-traditional financial services for 70 years
  • Serving financial institutions with non-traditional banking solutions for more than 40 years
  • Continuing product enhancements keep pace with consumers and technology
  • Standard deployment is fast with little to no up-front investment in many cases
  • Non-competing services — MoneyGram will not compete with your existing services
  • Full 24/7/365 customer support for your customers and financial institution

Benefits to your financial institution:

  • Retain and strengthen existing relationships
  • Attract new customers
  • Generate additional fee-based income
  • Gain peace of mind and expertise with MoneyGram —s strong compliance program
  • Expand your products and services with minimal resources

"With MoneyGram, we've been able to expand our offerings and bring in new members while providing a needed service to our community."
Ronald Moorehead - EVP/CFO
First Financial Credit Union