Global money transfer company MoneyGram and UK-based online cash payment provider Ukash have signed a global agreement to create more payment options for their customers. The service is due to launch later this year in the UK with plans to expand after.
Ukash customers will have the ability to send domestic and international money transfers from the Ukash website and receive them at any of MoneyGram’s worldwide locations or through MoneyGram’s account deposit channels.
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Ukash chief executive David Hunter said: "MoneyGram’s global network makes the Ukash service accessible to an even wider audience of customers. We now will be able to extend the convenience of transacting online, to more people who may not use traditional banking facilities."
"Our job is to offer more convenient sources for people to use their cash in the ‘connected world,’ which may often appear to be accessible only to credit or debit cardholders. Our alliance with MoneyGram is a great example of this philosophy in action."
Ukash is an international e-commerce cash payment method that enables consumers around the world to use cash to shop, pay and play online securely. MoneyGram enables consumers who are not fully served by traditional financial institutions to meet their financial needs.
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