MoneyGram and Visa Announce Debit Card

MoneyGram, a world supplier of modern cash switch providers, at this time introduced the launch of a brand new debit card deposit service in partnership with Visa (https://usa.visa.com/) by way of Visa Direct, Visa’s real-time push funds platform, which permits funds to over a billion playing cards worldwide.

The person-to-person (P2P) cash switch possibility permits clients within the U.S. to conveniently ship cash domestically by way of the MoneyGram app or by way of the MoneyGram web site to different U.S. recipients’ eligible debit playing cards. The brand new service displays MoneyGram’s dedication to make it simple for clients to ship and obtain cash any approach that’s handy for them.

“We try to create the very best expertise for sending and receiving cash, and this new product providing empowers our clients by giving them one more strategy to ship cash to family and friends,” stated Alex Holmes, MoneyGram chairman and CEO. “And in partnering with Visa, the world’s chief in digital funds, we’re offering our clients with a reliable possibility that they know and belief.”

“Visa and MoneyGram share a standard objective of offering clients with a quick and dependable strategy to pay and be paid,” added Invoice Sheley, Senior Vice President, International Head of Visa Direct, Visa. “By implementing Visa Direct, corporations like MoneyGram are capable of supply selection, flexibility and peace of thoughts to clients, figuring out that every swap is backed by the safety, attain and functionality of Visa’s world funds system.”

Pricing for the debit card deposit service begins at $1.99 and permits clients to switch funds to a checking account linked to the eligible debit card at any time, together with weekends and holidays. Presently out there within the U.S. solely, plans are additionally set for the service to broaden quickly to different markets exterior the U.S.

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