Moneygram International Inc. reported record online growth during the 2019 holiday season, as customers embraced the remittance firm's growing app-based and online portals. 

Moneygram said online transactions rose more than 70% between Dec. 1 and 25th, with 80% of those transactions done on a mobile device. Outside of the U.S., the growth rate was even stronger, with a 120% increase during the same period. 

"As part of our digital transformation, we’re on a mission to mobilize the movement of money," Alex Holmes, chairman and CEO, Moneygram, said in a company release. “The success of our mobile app throughout the year, and especially during the holiday season, demonstrates the value consumers place not only on our user experience, but also on our global distribution network."

After launching its redesigned mobile app in 2018, the company reported 1.6 million downloads. The company is expected to make new investments in digital marketing and add new features to its digital capabilities. 

Cover image: Moneygram