Products

Insider Intelligence delivers leading-edge research to clients in a variety of forms, including full-length reports and data visualizations to equip you with actionable takeaways for better business decisions.
Reports
In-depth analysis, benchmarks and shorter spotlights on digital trends.
Learn More
Forecasts
Interactive projections with 10k+ metrics on market trends, & consumer behavior.
Learn More
Charts
Proprietary data and over 3,000 third-party sources about the most important topics.
Learn More
Industry KPIs
Industry benchmarks for the most important KPIs in digital marketing, advertising, retail and ecommerce.
Learn More
Briefings
Client-only email newsletters with analysis and takeaways from the daily news.
Learn More
Analyst Access Program
Exclusive time with the thought leaders who craft our research.
Learn More

About Insider Intelligence

Our goal at Insider Intelligence is to unlock digital opportunities for our clients with the world’s most trusted forecasts, analysis, and benchmarks. Spanning five core coverage areas and dozens of industries, our research on digital transformation is exhaustive.
Our Story
Learn more about our mission and how Insider Intelligence came to be.
Learn More
Methodology
Rigorous proprietary data vetting strips biases and produces superior insights.
Learn More
Our People
Take a look into our corporate culture and view our open roles.
Join the Team
Contact Us
Speak to a member of our team to learn more about Insider Intelligence.
Contact Us
Newsroom
See our latest press releases, news articles or download our press kit.
Learn More
Advertising & Sponsorship Opportunities
Reach an engaged audience of decision-makers.
Learn More
Events
Browse our upcoming and past events, recent podcasts, and other featured resources.
Learn More
Podcasts
Tune in to eMarketer's daily, weekly, and monthly podcasts.
Learn More

MoneyGram launches payment as a service offering for enterprise customers

The cross-border payments giant launched MoneyGram as a Service, a new offering that gives enterprise customers access to its API-powered money transfer platform and network. MoneyGram says the solution lets firms use its money transfer capabilities to create new business use cases and offerings for their customers. And as digital currencies continue to soar, MoneyGram also opened the platform up to G-Coin, a digital asset backed by gold.

MoneyGram’s launch comes as cross-border payments begin to recover. In April 2020, the World Bank projected that remittances would drop 20% annually in 2020 as a result of the coronavirus pandemic. The sector was not as negatively affected as expected, but worldwide remittance inflow dipped 8.7% year over year (YoY), according to Insider Intelligence forecasts. The drop was likely not as bad as anticipated in part because migrants continued sending funds to loved ones abroad. Payment platforms used their digital remittance offerings to stay afloat last year—though MoneyGram’s revenues still dropped 6% YoY in 2020.

The recovery of both the economy and remittances could set the stage for MoneyGram as a Service to grow:

  • Payment as a service (PaaS) offerings are heating up. Payment providers are turning their products into software-based solutions that can be plugged into existing platforms for various use cases: Last year, Square launched Terminal API, which connects its all-in-one card payment hardware Square Terminal to any existing point-of-sale platform. And newer players are gaining traction, like Brim, which offers a PaaS solution aimed at financial institutions.
  • The PaaS market is expected to reach a value of $25.7 billion by 2027. As the sector grows, MoneyGram as a Service could become an additional volume and revenue driver for the company considering firms may want to implement cross-border payment solutions in their own offerings because it would allow them to easily accept payments from customers abroad.