LONDON--(BUSINESS WIRE)--MoneyGram (NYSE:MGI), a leading global money transfer company, and Ukash, a leading U.K.-based online cash payment provider and winner of the Queen’s Award for Enterprise for the third consecutive year, have signed a global agreement that will give Ukash customers the ability to send domestic and international money transfers from the Ukash website and receive it at any of MoneyGram’s more than 310,000 locations worldwide or through MoneyGram’s account deposit channels.
The initial service will launch in the U.K. later this year with plans to expand into other markets expected shortly thereafter. Ukash operates in 57 countries and has more than 460,000 points of sale.
“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,” said David Hunter, chief executive officer, Ukash. “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.”
“Our agreement with Ukash reflects MoneyGram’s strategy to work with industry leaders to expand accessibility to our services around the world,” said Tim Summers, head of emerging channels and strategic partnerships, MoneyGram. “We look forward to working with Ukash, which has established itself as a true innovator in the global e-money sector.”
About MoneyGram International
MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers bill payment services in the United States and Canada and money transfer services worldwide through a global network of more than 310,000 agent locations – including retailers, international post offices and financial institutions – in 198 countries and territories. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.
About Ukash
Ukash is the Global e-Money Network and internationally recognised e-commerce cash payment method that enables consumers around the world to use cash to shop, pay and play online safely, securely and conveniently. This secure payment method was developed to protect personal identity and financial information when making online transactions, reducing the threat of credit and debit card fraud for consumers and repudiations and charge-backs for retailers. Ukash has no age limit, so consumers of all ages can make the most of safe payment online.
Ukash codes are purchased with cash in retail outlets such as shops, petrol stations and kiosks, and issued online from the company’s website. The unique 19 digit codes can then be used to pay directly on any of the thousands of websites that accept Ukash transactions worldwide, or loaded onto prepaid cards and e-wallets.
Established in 2001 under the holding company Smart Voucher Ltd, Ukash® has grown to more than 460,000 physical points of purchase, and is available in more than 50 countries around the world in 6 continents.
Ukash is regulated by the UK Financial Conduct Authority (FCA). The maximum single value allowed is £200/€250 or equivalent in other currencies, and the maximum amount that can be held by an individual customer is £1,000/€1,250 or equivalent in other currencies.
