Payflo and MoneyGram Partner to Launch Cash Payment Solutions for U.S. Gaming

Payflo., a leader in payment technology for regulated industries, has joined forces with MoneyGram to introduce cash-in and cash-out solutions for the U.S. gaming and lottery sector. This first-of-its-kind partnership aims to provide secure, convenient, and regulatory-ready payment options to players while simplifying operations for gaming and lottery operators.

The new service allows users to deposit and withdraw cash without needing a bank account or prepaid card, offering near-instant access to funds at over 30,000 MoneyGram locations nationwide. This marks a major step forward in expanding accessible payment solutions for players while ensuring compliance with industry regulations.

According to Maria Armstrong, Director of Sales, North America at Payflo, this collaboration is a significant breakthrough for cash-based gaming transactions.

“Our partnership with MoneyGram unlocks a unique payment experience, enabling both deposits and payouts in cash—a solution designed specifically for the gaming and lottery markets,” Armstrong stated. “This initiative reflects our mission to provide innovative, inclusive payment options while simplifying operations for gaming and lottery operators.”

A Win for Players and Operators

The introduction of Payflo and MoneyGram’s cash-based payment service benefits both players and operators in several key ways:

• Instant Deposits and Withdrawals: Players can deposit funds into their gaming accounts or withdraw winnings on the same day—without the need for a bank account or prepaid card.
• Extensive Accessibility: With 30,000+ MoneyGram locations across the U.S., even players in remote areas can access cash transactions easily.
• Regulatory Compliance: Transactions are supported by MoneyGram’s compliance framework, ensuring adherence to strict industry regulations.
• Improved Operator Efficiency: Operators benefit from better cash flow management by reducing reliance on pre-funded accounts, a challenge that has long complicated gaming and lottery payment processing.

Anna Greenwald, Chief Growth Officer at MoneyGram, highlighted how the initiative aligns with the company’s broader strategy to enhance financial accessibility.

“Through this new service, players benefit from faster, more convenient access to their funds, while gaming operators gain a reliable, scalable and compliant payment solution to fuel their growth,” Greenwald said.

The Growing Demand for Cash-Based Gaming Payments

The U.S. gaming and lottery industry exceeds $100 billion annually, with further growth expected in the coming years. As digital payment methods gain traction, many players still prefer cash-based transactions due to personal preference, lack of banking access, or concerns about digital security.

By integrating Payflo’s advanced payment processing technology with MoneyGram’s vast financial network, this partnership ensures that cash remains a viable and secure transaction option in a rapidly evolving gaming landscape.

Additionally, as compliance requirements tighten across the gaming sector, this service provides a regulatory-ready solution that enables gaming operators to meet legal standards while offering players a seamless experience.

The Payflo-MoneyGram partnership represents a major step forward in adapting to the changing needs of the gaming industry. Beyond providing a secure cash option, this collaboration could pave the way for future integrations with digital wallets, mobile gaming platforms, and additional financial services to further enhance accessibility and player convenience.

As the demand for flexible and inclusive payment options continues to grow, solutions like this will play a crucial role in shaping the future of gaming transactions—bringing cash payments into the modern digital economy while maintaining the trust and security that players and operators rely on.

Source:

Payflo and MoneyGram introduce cash payment services for U.S. gaming and lottery, linkedin.com, February 5, 2025.