MoneyGram Card

What is the MoneyGram Card?

The MoneyGram Card is a stablecoin-backed virtual Visa launched on 10 September 2026. It is the first card of its kind from MoneyGram, the remittance giant that has spent 85 years moving money between countries, and it does something specific: it lets you hold a stable-dollar balance inside the MoneyGram app, spend it anywhere Visa is accepted — online, in stores and across borders — and pull cash out through the MoneyGram retail network when you need it.

At launch the card is live in Colombia, with more markets planned in the coming months, and it is virtual only. You sign up inside the MoneyGram app in a few taps and manage the balance and the card in the same place, so there is no second app, no separate account and no bank relationship to open.

Why this card is different

Most crypto cards ask you to fund a card from a wallet. The MoneyGram Card flips that: money arriving through MoneyGram lands in dollar value inside the app and is immediately spendable, which turns the recipient into a long-term customer rather than the end of a transaction. For people receiving remittances in Colombia, that removes the two-step ritual of converting to pesos and then deciding how to spend.

The plumbing is worth understanding, because it is what makes the card behave like an ordinary one. Balances are held in stablecoins, card infrastructure comes from Rain, wallets are powered by Crossmint, and funds move over the Stellar network. Merchants never have to touch stablecoins: at the moment of purchase the balance converts to local fiat for settlement over Visa, which is why a shop that has never heard of USDC can still take the card.

What you get at launch

• A virtual Visa, issued in the MoneyGram app after identity verification — quick if you are already a verified MoneyGram user
• Apple Wallet and Google Wallet support for tap-to-pay and online checkout
• A balance you can track in one place, including pending charges, transactions, refunds and declines
• Freeze and unfreeze the card whenever you want, with a notification on every transaction
• A dollar-denominated balance rather than a volatile asset, so the spending power you see is the spending power you have

Cash access

Cash comes through MoneyGram’s own network rather than an ATM, at least for now. You transfer funds from your MoneyGram balance to yourself and pick up local currency at a nearby MoneyGram location — a network MoneyGram counts at nearly 500,000 retail locations across more than 200 countries and territories. It is not as quick as an ATM, but it works in places where ATMs are scarce or unreliable. ATM withdrawals are on the roadmap with the physical card promised for late 2026, which will also cover in-person purchases where a digital card is not widely accepted.

What it costs

MoneyGram states there are no monthly or annual fees on the card, and no card issuance fee has been documented. Beyond that, the pricing is incomplete: MoneyGram has not published a card fee schedule, so the FX markup applied when a dollar balance converts to local currency, any ATM charges, and spending or load limits are all undocumented. That matters more than usual here, because MoneyGram’s wider business model is built on currency exchange — its own site notes that it makes money from exchange rates — and a card that converts on every non-dollar purchase is where that markup will show up. Treat the fee question as open until the card reaches your market and the terms appear in the app.

Who it suits

The MoneyGram Card is aimed at people who receive money through MoneyGram and want to spend it without a detour through a bank or a currency exchange: no monthly fee, immediate access, Visa acceptance and a familiar brand behind it. It suits anyone who wants stablecoin rails without handling stablecoins, and it is a poor fit for someone who wants a self-custody card, cashback, or a product they can order outside Colombia today. Compare it with the other stablecoin and remittance cards in the crypto cards directory, including the fiat-first MAJORITY Card, which runs the same remittance-to-spending play but keeps user balances in a US bank account rather than stablecoins.

MoneyGram Card features

• Stablecoin-backed Visa — a virtual card that spends a stable-dollar balance held in the MoneyGram app.
• Accepted anywhere Visa is accepted — online, in stores and across borders; Rain, the card platform behind it, puts reach at more than 175 million merchant locations.
• Apple Wallet and Google Wallet — add the card and tap to pay, or use it for faster online checkout.
• Dollar-denominated balance — money arrives in dollar value and is spendable immediately, with no need to convert to local currency first.
• Sign up inside the MoneyGram app — a few taps, no separate account, no new banking relationship.
• Balances in stablecoins — powered by USDC at launch over the Stellar network, with wallet infrastructure from Crossmint.
• Cash access through the MoneyGram network — transfer funds from your balance to yourself and collect local currency at a MoneyGram location, from nearly 500,000 locations in more than 200 countries.
• Full transaction visibility — track pending charges, transactions, refunds and declines in the app.
• Instant card controls — freeze and unfreeze the card at any time, with a notification on every transaction.
• Quick activation for existing users — verification takes seconds if you are already a verified MoneyGram customer.
• Physical card in the works — promised for late 2026, bringing ATM withdrawals and in-person use where digital cards are less widely accepted.
• Three infrastructure layers — Rain for card issuing, Crossmint for wallets and Stellar for settlement.

What the card does not include

• Availability outside Colombia — the card launched there first, with other markets promised “in the coming months”
• A physical card or ATM withdrawals until the late-2026 release
• Cashback, points or interest of any kind
• A published fee schedule, spending limits or load limits
• Keys you hold yourself — the balance lives inside the MoneyGram app rather than in a self-custody wallet

Part of a wider stablecoin push

MoneyGram has been rebuilding its back end around stablecoins for several years: crypto-to-cash and cash-to-crypto conversions arrived in 2022, its own dollar stablecoin MGUSD was issued on Stellar in June 2026, and MoneyGram Ramps extends cash access for USDC holders across Stellar and Solana. The card is the spending layer that completes that loop, and MoneyGram has said it expects to run roughly $3 billion of its annual FX trading through stablecoin rails.

The stablecoins behind the card

The MoneyGram Card is a crypto card in the sense that matters: the balance it spends is held in stablecoins. At launch the card is powered by USDC over the Stellar network, according to the launch reporting around MoneyGram’s announcement, and MoneyGram has said the card will extend to MGUSD — its own dollar stablecoin, issued on Stellar on 2 June 2026 — as the programme develops.

Three infrastructure partners carry the balance from stablecoin to shop counter:

• Rain provides the card platform that connects balances to the Visa network
• Crossmint powers the wallets where balances are held
• Stellar is the settlement network the funds move over

Because the conversion happens at purchase, merchants never hold or accept stablecoins. If a shop takes Visa, it takes the MoneyGram Card, and the customer never sees a conversion step — the balance is simply denominated in dollar value.

Custody and keys

What the card is not is a self-custody wallet. The stable-dollar balance sits inside the MoneyGram app, managed on your behalf, and the card draws on that balance — you are trusting MoneyGram and its partners with the funds rather than holding keys to them yourself. That is the trade-off for the simplicity: no seed phrase, no wallet setup, no separate top-up step, but also no direct control of the underlying assets. Anyone who wants a dollar balance they control directly should start with the crypto wallets directory instead.

The wider MoneyGram stablecoin stack

MoneyGram has been building this for a while. Crypto-to-cash and cash-to-crypto conversions launched in 2022, MGUSD followed on Stellar in 2026, and MoneyGram Ramps extends cash-out for USDC across Stellar and Solana. The card adds spending to the receiving side of that machine, and MoneyGram has said it is on pace to route roughly $3 billion of its annual FX volume through stablecoin rails.

MoneyGram Card fees

MoneyGram’s card page states plainly that there are no monthly or annual fees, and no card issuance fee has been documented. Beyond those two lines, the pricing has not been published: there is no card fee schedule yet, so the FX markup on non-dollar purchases, ATM pricing and the card limits are all still unknown. The table below reflects only what MoneyGram has stated.

Card costs

Why the FX question matters

The card spends a dollar balance, and every purchase in another currency is converted at the point of sale so Visa can settle in local fiat. That conversion is where a markup would sit, and MoneyGram has not disclosed one. It is worth noting that MoneyGram’s general business model is built on currency exchange — its own website states that MoneyGram makes money from currency exchange — so the rate applied to card purchases is the single number to check before relying on this card for everyday local spending. The card terms displayed in the app are the authoritative source once the card launches in your market.

Not published

• Foreign exchange markup on non-dollar purchases
• Any ATM withdrawal fee for the coming physical card
• Card spending limits and per-transaction caps
• Load limits and maximum balance
• Physical card pricing
• Eligibility criteria for the card itself

Other MoneyGram costs are separate

Transfer fees, exchange rates and agent charges for sending money through MoneyGram are governed by MoneyGram’s own pricing for that corridor, not by the card. Those fees vary by amount, payment method, delivery method and pickup location, and are quoted before you confirm a transfer.