MoneyGram Expands UnionPay's Global Emergency Cash Services to 284,000 Locations in 196 Countries and Territories

MoneyGram

, 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