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August 30, 2012

UnionPay cardholders to get emergency cash at MoneyGram

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.

By Verdict Staff

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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