Blockchain firm Lightnet has announced its collaboration with MoneyGram, a provider of cross-border P2P payments and money transfers.

The integration and implementation of Lightnet’s technology with MoneyGram‘s money transfer services provides customers with a wide selection of payout services across South East Asia.

This collaboration centers around Bridgenet, Lightnet’s first-layer solution, which connects Money Transfer Operators (MTOs) to MoneyGram’s money transfer services.

Lightnet said that the solution creates true interoperability between existing banking rails and non-bank agent networks, while bridging the gap between different entities thereby enabling companies to deliver excellent services to their users.

Chatchaval Jiaravanon, Chairman of Lightnet, said,

“This successful integration is a reflection of Lightnet’s mission to promote financial mobility and inclusivity for the unbanked and underbanked populations of Asia.

 

As we continue to empower institutions such as MoneyGram, we strive toward our vision of connecting all cash-in and cash-out points under one network, thereby enabling our partners to enjoy better margins and reduced costs.”

“We are proud to work with Lightnet to increase financial inclusion and provide our customers with the best options for money transfer in ASEAN.

 

We love to collaborate with companies whose visions align with ours, and we look forward to a continued successful collaboration with Lightnet,”

said Grant Lines, Chief Revenue Officer at MoneyGram.