The global money transfer company MoneyGram
has partnered with the Chinese card network UnionPay to
offer emergency cash services to UnionPay cardholders.
UnionPay credit cardholders will be able to
access cash in emergency situations such as stolen, lost or
malfunctioning card abroad, if their card issuing bank joins the
initiative. Every issuing bank will set its own cash advance limit,
up to a maximum of USD5000.
MoneyGram chief executive and chairman Pamela
Patsley said: “MoneyGram and UnionPay share the goal of providing
safe, fast and reliable financial transactions. Through the
MoneyGram network, we can often help UnionPay customers to get
their emergency cash in minutes.”
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