The MoneyGram Card will initially debut as a virtual card in Colombia that can be used with Apple Wallet or Google Wallet, the company said in an . It plans to introduce a physical card option as it expands to additional markets later this year.
It is working with infrastructure provider Rain on the new card. Western Union is also working with the provider in the , announced last month.
In June, MoneyGram on Stellar, as it deepened its push into blockchain-based cross-border payments, integrating MGUSD with its proprietary app through a self-custodial wallet.
Last month, it announced a as it expanded its crypto ramps.
The World Bank has identified stablecoins as a key tool in reducing the cost of global remittances. Its September 2025 of trends in the cost of remittance services found that debit cards are the lowest cost instrument to receive remittances, at 3.61% of the transmitted amount.
Related: US Bank tests proprietary stablecoin in cross-border Stellar transaction