Alipay Moneygram International Money Transfer

Alipay Moneygram International Money Transfer is a convenient way to send money abroad.

You can send money to over 200 countries and territories with Alipay Moneygram.

The transfer process is quick and easy, taking only a few minutes to complete.

Moneygram has over 350,000 locations worldwide, making it easy to receive the transferred funds.

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Ant Financial, the parent company of Alipay, had a deal to acquire MoneyGram for $880 million in January.

The deal was supposed to bring together Ant Financial's platform of 630 million users worldwide with MoneyGram's services.

Ant Financial's bid for MoneyGram was seen as a key route for the Chinese company into the US market.

This would have combined Ant Financial's technology with a reputable domestic name.

Euronet, a US payments firm, offered shareholders 15% more than Ant Financial's deal and promised a smoother regulatory process.

This made their offer more attractive to MoneyGram shareholders.

Ant Financial remains committed to completing the deal with MoneyGram.

They expect to close the transaction in the second half of 2017.

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Alipay, through Ant Financial, has launched a blockchain remittance app to transfer money from Hong Kong to the Philippines.

This new service aims to provide 24-hour real-time remittances at competitive exchange rates with low transaction costs.

Standard Chartered is acting as the settlement bank for this new service.

The smart contract on the blockchain notifies all participants at the same time, enabling customers to track payments.

However, all details are encrypted so that only relevant people can see them.

A normal remittance from Hong Kong would cost a minimum of HK$18 plus additional fees.

Jack Ma, the founder of Alibaba and Ant Financial, wants to enable micropayments with tiny costs.

The new Alipay service is a significant improvement over the old process of physically going to a remittance booth and queuing for hours.

Now, customers can easily and securely send remittances over their mobile phones in just a few seconds.

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