Ukash and MoneyGram Sign Agreement to Create More Payment Options for Global
Money Transfer Customers
LONDON -- April 30, 2013
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
“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.
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.
Sophia Stoller / Mike Gutierrez, +1-214-303-9923
Ukash Press Office at HSL:
Wendy Harrison, 0208 977 9132
Jenny Thorneywork, 0208 977 9132
Clare Watson, 0208 977 9132
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