10% of Transaction Volume between US and Mexico Moves Through ODL

In a conversation with Brad Garlinghouse on the Swell 2019 stage, Chairman and CEO of MoneyGram, Alex Holmes revealed that MoneyGram is presently moving 10% of its total transaction volume between the United States and Mexican borders via On-Demand Liquidity (ODL) and it is planning to expand its services into four more corridors by year-end.

Holmes, during this conversation, shared his opinion regarding the present scenario of the remittance industry and said how blockchain and digital assets are being utilized within MoneyGram and the advantages of using ODL.

Holmes spoke about the evolution that has taken place in the remittance industry and how the banking system or the financial system as a whole has still not adapted itself according to this change. He believes that a lot of…

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