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September 23, 2020

MoneyGram and Tesco Bank launch new money transfer platform  

By Mohamed Dabo

MoneyGram International, the global cross-border P2P payments and money transfers firm, has announced the launch of a new international online money transfer platform in partnership with Tesco Bank.

The news service allows MoneyGram and Tesco customers to set up their transactions online and then pay by cash or card at Tesco stores.

The platform enables customers to easily send money abroad, reduces the process time. and eliminates the need to complete paperwork in-store. The service is being introduced at a time when an increasing amount of money is being digitally transferred from the UK to overseas destinations.

Now available at 129 Tesco Express stores across the UK

The launch of this new capability is an important milestone for the partnership between MoneyGram and Tesco Bank, which was formed over seven years ago.

The new service has now been introduced to 129 Tesco Express stores across the UK, adding to the existing 810 stores that currently offer the service. Full roll-out to around 1,500 Tesco Express stores is expected over the next 18 months.

Sending money “even more efficiently than before”

“We are continually evolving our customer proposition through our leading digital capabilities and customer-centric solutions,” said Richard Meredith, Head of UK Key Partnership at MoneyGram. “This solution is a key milestone in our ongoing collaboration with Tesco Bank in being able to offer a seamless, digitised experience for customers.”

Sigga Sigurdardottir, Chief Customer Officer at Tesco Bank said:

“There are millions of people across the UK sending money abroad to help loved ones with everyday needs or in times of emergency. Our goal is to help Tesco shoppers manage their money a little better every day, and this enhancement to our partnership with MoneyGram lets customers send money overseas even more efficiently than before.”

 

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