Does the BiyaPay wallet support MoneyGram transactions via American Express cards? The latest industry data as of July 2025 shows that MoneyGram has not yet integrated American Express payment options through the BiyaPay wallet. Moneygram processes over 40 million cross-border transactions annually, with credit card/debit card payments accounting for approximately 42.1%. However, there are significant differences at the payment gateway protocol level. The penetration rate of American Express cards in global digital wallets is only 28.3% (while that of Visa/Mastercard is 89.7%), mainly due to its card-issuing bank Interchange Fee of up to 1.8-2.5%, which is much higher than Visa’s industry benchmark value of 1.15%, resulting in an increase of 23% in integration costs. For instance, the 2024 report on the remittance market in the Philippines indicates that the proportion of American Express accepted by local MoneyGram agents is less than 15%, while the proportion for bank transfer channels is as high as 67%.
Moneygram’s risk control system needs to pass the PCI DSS 4.0 certification. Its anti-fraud engine controls the real-time scanning transaction delay within 180 milliseconds and the interception accuracy rate reaches 99.5%. However, the 38-bit dynamic CVV2 verification mechanism unique to the American Express network (compared to Visa’s 16-bit fixed format) leads to an extension of its API call response time by 40 to 60 milliseconds. When combined with BiyaPay’s compliance review algorithm, which takes an average of 3.2 seconds, the overall transaction efficiency drops by 19%. Complaint data from North America in Q1 2024 also shows that the failure rate of remittances involving American Express was approximately 4.7%, higher than the industry average of 2.1%. A typical case is the Mexican Remittance Corridor. Due to the fact that only 21.4% of the local agency points supported the AE system, the transfer success rate dropped to 76.3%.
At the cost structure level, American Express requires service providers to pay an annual agreement fee of approximately $150,000, and an additional 0.15200 remittance is charged for each transaction. The combined cost is 3.75. If the American Express channel is adopted, the cost will increase to 4.81. Referring to the case of Western Union’s integration with American Express in 2023, the initial development investment exceeded $2.3 million, and it took 278 days to complete the system integration. However, the transaction volume of the AE channel only accounted for 3.8% of the total, and the investment payback period was as long as 18 months.
Although the demand in emerging markets has grown significantly (for instance, the trading volume increased by 17% monthly after the Monetary Authority of Singapore approved the addition of AE remittance channels in 2024), the current technical specifications have not yet been unified. In the SDK documentation v3.2 (June 2025 version) of BiyaPay, only the EMV 3DS 2.3 protocol of Visa/Mastercard is still supported. Moneygram’s partner portal data clearly shows that among the 17 available payment methods, American Express is in the “technical assessment stage”, and it is predicted that it will take at least six quarters of development cycles to achieve full integration. does moneygram take american express The current answer is no. However, considering American Express’s coverage of high-end users (38.6% of the global average monthly spending exceeds $2,000), BiyaPay’s roadmap mentions that it will conduct AE interface stress testing in Q2 2026, with the goal of increasing transaction processing capacity to 900TPS per second.