A new service provided by UKash and MoneyGram, well known players in the payment industry, enables cash transfers online without the need for a credit or bank account.
UKash, e-commerce payment provider, has launched its local and international online transfer service for UK customers and soon to be French, Spanish and Nordic customers. Money (up to 200 Pounds) can be sent over-sees, without financial details as a requirement, to bank accounts, e-wallets or in cash, with MoneyGram’s 328,000 around the world, ready for collection at the other end of the transfer. In addition, a special offer is currently available: Cash can be sent to Pakistan, India and Poland for up to 2.99 Pounds.
Is it Time For Banks to Move Over And Create Space For Blockchain?Go to article >>
“From foreign workers who don’t have a UK bank account and want to send money home to family, to relatives sending gifts for festivals and other celebrations, the new Ukash Money Transfer service offers people a safe, easy solution at the click of a mouse,” says David Hunter, Chief Executive Officer at Ukash, who goes on to explain: “This is the first service to offer domestic and international money transfers online with ‘cash’, it breaks down the barrier people often face if they don’t have a UK bank account or don’t want to put their bank or credit card details online. Once they have their Ukash code, which can be obtained at over 50,000 convenient UK locations, they can transfer cash instantly, and at a competitive rate.”