PayPal and MoneyGram Form U.S. Alliance
PayPal and MoneyGram have announced a new U.S. partnership that will enable PayPal’s 55 million U.S. customers to be able to withdraw money at MoneyGram locations around the United States, with the ability to initiate withdrawals online and via mobile devices. The agreement also will enable PayPal users to load money onto their accounts from select MoneyGram locations in Dallas, New York, and San Francisco starting later in August, with a wider rollout to follow. PayPal and MoneyGram say the partnership is meant to target PayPal members without a bank account or credit card and make it easier for them to utilize the service. “This new service will provide an even greater level of flexibility, convenience and value to existing PayPal users,” says PayPal’s Mark Lavelle.
From “PayPal and MoneyGram Form U.S. Alliance”
Finextra (08/06/13)