Fonemoney Partners with MoneyGram to Expand Global Payments Network

Seoul, South Korea – 4 June, 2025
Fonemoney is pleased to announce a strategic partnership with MoneyGram, a global leader in digital cross-border payments. This collaboration marks a major step in Fonemoney’s mission to simplify and expand remittance services for migrant workers in South Korea.

With this partnership, Fonemoney users can now send money to over 200 countries and territories directly from the Fonemoney app, benefiting from MoneyGram’s extensive global reach and trusted infrastructure.

“This partnership is a major step forward in our mission to connect people and their money across borders,” said Boyoung Kim, General Manager at Fonemoney. “By connecting to MoneyGram’s vast payments network, we are ensuring that our customers benefit from the highest standards of speed, safety, and accessibility in global remittance.”

As the digital remittance market in South Korea continues to grow—projected to reach $5.32 billion by 2028—this collaboration positions Fonemoney to better serve migrant communities who send money home to countries such as China, Thailand, Vietnam, and the Philippines.

“Our partnerships with fintech players like Fonemoney further enhance our presence in the region and allow us to serve migrant workers with faster and more convenient solutions,” said Ahmed Aly, Head of Middle East South Asia and Asia Pacific at MoneyGram.

This milestone underscores Fonemoney’s commitment to providing safe, affordable, and user-friendly remittance experiences through continuous innovation and meaningful partnerships.