MoneyGram
MGI, a leading global money transfer company, and UnionPay today
announced a significant network expansion to provide emergency cash
services to UnionPay credit card cardholders. The service will become
available to member institutions in a phased approach. The two companies
commemorated the agreement during a contract signing ceremony at the
headquarters of UnionPay in Shanghai, China.
Emergency cash services provide consumers access to funds during
emergency situations, including lost, stolen or malfunctioning cards.
Under the agreement, UnionPay credit cardholders with cards issued by
UnionPay's member institutions can use MoneyGram's global network of
284,000 locations to receive emergency cash services. Each UnionPay
See full press release
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