Global money transfer company MoneyGram has joined forces with Brazilian foreign exchange and pre-paid operator Banco Rendimento to deliver its new cash-to-account service in Brazil.

The newly introduced service allows MoneyGram consumers to send money directly into any bank account in Brazil.

MoneyGram provides cash-to-account money transfer services at agent locations across China, Poland, Mexico and the Philippines. In addition, the company also offers cash-to-cash money transfer services at 4,100 locations across Brazil and 256,000 locations globally.

MoneyGram offers bill payment services in the US and money transfer services worldwide through a global network of more than 256,000 locations, including retailers, international post offices and financial institutions in 192 countries and territories.