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MoneyGram Leverages Physical Network Amid Digital Payment Shift

MoneyGram is doubling down on its expansive retail footprint as a competitive advantage in an increasingly digital payments landscape. The money transfer company operates 500,000 locations globally, positioning it to capture remittance flows that still rely heavily on cash transactions despite the rise of alternative payment methods. Chief Executive Anthony Soohoo highlighted that traditional cash-based channels remain dominant internationally, particularly for cross-border transfers. The company faces headwinds from U.S. immigration policy changes, which are affecting remittance volumes to key markets. MoneyGram's strategy centers on defending its physical distribution network rather than pivoting entirely to digital-only operations. The company is betting that established retail relationships will retain significance in the evolving payments ecosystem.