MoneyGram International, Inc. (NASDAQ:MGI), a leading global financial technology company, today announced the launch of MoneyGram Online (MGO) in Chile.

Consumers can now use the company’s website and mobile app to send funds from Chile to family and friends around the world. MoneyGram is initially launching this service with zero transaction fees for consumers.

“We’re thrilled to officially launch MGO in Chile, one of the largest send markets in South America,” said Alex Holmes, MoneyGram Chairman and CEO. “As consumer interest in online options and real-time payments continues to accelerate, we’re committed to investing in the global expansion of our direct-to-consumer digital offering. After our recent successful launch in Brazil, we are especially excited about our strong momentum in the region.”

For the past 25 years, MoneyGram has enabled consumers in Chile to send money globally through its vast network of retail locations throughout the country. A key remittance corridor, Chile’s estimated migrant population of 1.5 million sent approximately $762 million abroad in 2021. Now, as demand increasingly shifts online, MoneyGram is addressing the needs of the Chilean market’s new and evolving digital consumer through the launch of MGO.