PayPal teams up with MoneyGram

MoneyGram International, a leading money transfer company has a signed a global agreement with PayPal, to give consumers a convenience way cash in and withdraw fund from their PayPal account via MoneyGram’s network which covers 284,000 locations in 196 countries.

The new service option will benefit the consumers who do not have credit card or use bank account to fund and maintain a PayPal for e-commerce. According to MoneyGram, this service only be launched in United States in early 2013 and slowly roll it out beyond United States.

“Through this partnership, more consumers will be able to take advantage of PayPal’s digital wallet, and shop at places like eBay or many of the millions of merchants that accept PayPal,” Mark Lavelle, Senior Vice President of Strategy and Business Development at PayPal said.

by Terry Brown