Domuso adds new payment option to its suite of financial offerings for owners and property management firms, enabling them to better serve underbanked residents who want to use cash.
SANTA MONICA, Calif. (December 13, 2018) — Domuso today announced it has partnered with MoneyGram, a leading financial technology company, to give residents a new and safer way to pay rent with cash.
Domuso’s integration with MoneyGram streamlines the ability for property managers to accept certified rent payments with a safer, more flexible alternative to money orders. Now residents can pay with cash at an estimated 25,000 MoneyGram retail locations. As cash is processed, certified funds are immediately transferred and the property management’s ledger and the resident’s account is simultaneously updated.
“Domuso provides the industry’s most comprehensive set of digital payment options for residents. Partnering with a global leader like MoneyGram reaffirms our commitment to provide property managers and their residents with access to the most innovative ways to pay rent digitally” said Michael Lightfoot, co-founder and COO of Domuso.
In addition to providing unbanked and underbanked tenants with an easy-to-use digital payment method, multifamily property management firms benefit from a certified payment option designed to replace paper money orders at the property level. The result is time saved collecting and processing rent and the reduction of security risks like fraud and theft.
“Domuso’s commitment to innovative financial services and providing fast and convenient payment solutions for unbanked and underbanked residents aligns with our goal to provide convenient cash payment options for consumers,” said Eric Dutcher, MoneyGram’s head of business, U.S. and Canada. “Together we streamline rent payments with a one-stop solution for customers while creating business for our valued agent partners.”
Domuso’s MoneyGram partnership comes on the heels of its recent announcement that the company has achieved 400 percent year-over-year growth and naming three of the top 10 property management firms among its clients. To learn more about the full suite of payment options Domuso offers property managers, owner-operators and residents, including MoneyGram, visit domuso.com.
Domuso is a next-generation financial services platform offering a comprehensive suite of payment processing solutions for multifamily property owners and operators. Driven by data and technology, Domuso provides new digital payment options that streamline the rent payment experience for residents and improve individual property financial performance. Fully integrated with leading accounting systems and property management platforms, Domuso is the only provider to offer alternative credit, digital certified and automated, logic-driven payment options. Domuso is privately held and headquartered in the heart of Silicon Beach in Santa Monica, California. For more information, visit domuso.com.
About MoneyGram International
MoneyGram is a global provider of innovative money transfer services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.
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