MoneyGram is the second-largest traditional remittance network with cash pickup in 200+ countries. Their recent integration of Stellar USDC technology adds a crypto dimension, but legacy pricing remains high for most corridors.
Verdict: Large cash network, evolving with crypto
RemitRoutes Score: 65/100 — our computed editorial rating (cost 44, transparency 45, speed 90, coverage 100, crypto rails 100, each out of 100). How we score.
MoneyGram charges a transfer fee (varies by corridor and delivery method) plus an FX markup. Costs vary significantly by corridor. Online transfers are cheaper than agent-based ones. Some corridors have been repriced with the MoneyGram Ramps integration.
MoneyGram adds a markup to the mid-market exchange rate, which varies by corridor and delivery method. This markup is not transparently disclosed at checkout. Their Stellar USDC-based Ramps product uses a different pricing model that can be more competitive on select corridors.
MoneyGram's total cost varies widely by corridor, delivery method, and whether you use an agent or the app. Online transfers are generally cheaper than agent visits. Use RemitRoutes to see live all-in costs for your corridor.
MoneyGram Ramps is a service built on Stellar blockchain that allows users to on-ramp and off-ramp USDC in 170+ countries. It enables cash-to-crypto and crypto-to-cash transactions through MoneyGram's agent network, bridging traditional remittance infrastructure with blockchain rails.
Generally yes, by a small margin. Both are significantly more expensive than Wise or digital asset rails. The difference between MoneyGram and Western Union matters less than switching to a digital provider.
Cash pickup is often available within minutes. Bank deposits take 1-3 business days. MoneyGram Ramps transactions on Stellar settle in seconds, though the cash-out step at an agent location adds time.
Compare live rates across 370+ corridors on RemitRoutes · methodology.