PaymentVision Partners with MoneyGram for Biller Payment Integration
PaymentVision, a fintech provider of electronic payment processing, partnered with MoneyGram to offer integrated payment solutions for billers and receivables management. The partnership enables consumers to make in-person cash payments at more than 30,000 U.S. retail locations, including major chains like Walmart and CVS. Payments are posted in real time to billing software, improving efficiency for both billers and their customers.
The collaboration also includes features such as MobilePass for urgent payment scenarios. The integration is designed to reduce late fees and streamline the overall customer payment experience. MoneyGram contributes its extensive retail payment network while PaymentVision provides the electronic processing and billing integration technology.
No specific financial terms of the deal were disclosed.
- Expands embedded payment options for billers by leveraging MoneyGram's extensive retail footprint
- Demonstrates growing fintech-payment network partnerships to bridge digital billing with physical cash payment channels