Ukash customers will soon be able to send money transfers from its website and receive it at any of MoneyGram’s 310,000 plus locations worldwide or through MoneyGram’s account deposit channels. The service will launch in the UK later this year with plans to expand into other markets shortly afterwards. 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,” says 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.”

“This agreement reflects MoneyGram’s strategy to work with industry leaders to expand accessibility to our services around the world,” says 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.”

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