At launch, the program will enable funds to be received on Visa-branded credit and debit cards issued by Banco Industrial, a Visa bank and MoneyGram agent in Guatemala.
The cash-to-card money transfers are processed through Visa’s network and funds are transferred to confirmed Visa debit and credit accounts via Banco Industrial. Once funds are delivered to the card, recipients can gain access to the money from any Visa-branded location.
MoneyGram’s cash-to-card service will be made available at most US MoneyGram locations, including the 20 agents for remittances in Guatemala.
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