Money Transfer service allows families to send money without the need for traditional banking facilities
London, April 2014 – Spring is finally here and with Easter celebrations just around the corner, Ukash, the global online cash payment provider, is reminding the more than seven million* migrants living and working across Britain that they can send cash home to family and friends through the MoneyGram Money Transfer Service, via the Ukash website.
Whether they belong to the 60%** of British residents that consider themselves Christian or just observing the festive celebrations, Easter is a holiday during which many migrants may think about sending cash home to friends and relatives around the globe. However, with data revealing that as many as one in four*** within specific migrant communities has no access to traditional banking facilities, this can be complicated.
The Ukash online service, powered by MoneyGram, provides the ideal solution as traditional banking facilities are not needed to make a money transfer transaction. With a Ukash code, which can be purchased with cash at thousands of convenience stores around the UK, up to £200 can be sent online at ukash.com/moneygram. It can then be collected at any of MoneyGram’s 334,000 outlets in over 200 countries around the world, either as cash or sent direct to a bank account or e-wallet.
Making a money transfer couldn’t be easier, as the MoneyGram Money Transfer service allows customers to make stress-free transactions in the comfort of their own homes, avoiding the queues in busy shops, and having to complete lots of paperwork. The availability of Ukash at convenience stores around the UK means the facility remains widely accessible during public holidays when many other shops are closed.
“Easter is a time for families to come together; a time to give back to the special people in our lives, no matter how distant the ties may be”, said Miranda McLean, Marketing Director, Ukash. “It is exactly this type of global holiday we had in mind when we teamed up with MoneyGram to provide the MoneyGram Money Transfer service.
“Those using the service have the ability to send and receive cash in a way previously only possible for those with a debit or credit card and a bank account. This is ideal for families that want to give money to relatives and friends in other parts of the world.”
*Source: Prof. John Salt, University College London
**Source: BBC News Online, Census data
***Source: Adele Atkinson, Bristol University
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For further press information or interviews please contact the Ukash Press Office at HSL: Wendy Harrison, Ed McCambridge, Nakhalar Sterling or Clare Watson. 0208 977 9132. firstname.lastname@example.org
Notes to Editors:
Ukash is the global online cash payment provider and internationally recognised e-commerce cash payment method that enables consumers around the world to use cash to shop, pay and play online safely, securely and conveniently. This secure payment method was developed to protect personal identity and financial information when making online transactions, reducing the threat of credit and debit card fraud for consumers and repudiations and charge-backs for retailers. Ukash has no age limit, so consumers of all ages can make the most of safe payment online.
Ukash codes are purchased with cash in retail outlets such as shops, petrol stations and kiosks, and issued online from the company’s website. The unique 19 digit codes can then be used to pay directly on any of the thousands of websites that accept Ukash transactions worldwide, or loaded onto prepaid cards and e-wallets.
Established in 2001 under the holding company Smart Voucher Ltd, Ukash® has grown to more than 460,000 physical points of purchase, and is available in over 50 countries around the world in 6 continents.
Ukash is regulated by the UK Financial Conduct Authority (FCA). The maximum single value allowed is £200/€250 and the maximum amount that can be held by an individual customer is £1,000/€1,250 – equivalent values in other currencies apply to both sums.
About MoneyGram International
MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide through a global network of 344,000 agent locations -- including retailers, international post offices and financial institutions -- in nearly 200 countries and territories. MoneyGram also offers bill payment services in the United States and Canada. MoneyGram is listed on the NASDAQ Stock Exchange under the ticker symbol MGI. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.
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