MoneyGram and CashEdge to Pursue Strategic Alliance to Integrate Money Movement Capabilities

by Mercator Advisory Group 0

The CashEdge P2P money movement solution can now send funds “to any of MoneyGram’s 200,000 retail agent locations in more than 190 countries” for pick up by the recipient. While this service would appear to deliver significant convenience to DDA holders that have access to CashEdge, the lack of pricing information makes it difficult to gauge how likely it is consumers will adopt this option.

With the integration, recipients of Popmoney payments would be able to direct receipt of their funds to any of MoneyGram’s 200,000 retail agent locations in more than 190 countries. This would enable Popmoney customers to send money to recipients who can then direct the funds to be picked up at an international MoneyGram location, to recipients who may lack a traditional bank account, or to those who simply prefer to withdraw funds as cash.

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http://www.prnewswire.com/news-releases/moneygram-and-cashedge-to-pursue-strategic-alliance-to-integrate-money-movement-capabilities-105337013.html