The agreement enables moneto users to send money using a mobile device to any of MoneyGram’s locations in 198 countries.
To use the new service, consumers sign up for a moneto account by downloading the free moneto mobile app from the iPhone App Store or Android’s Google Play. Once registered, users receive a moneto prepaid MasterCard card in the mail, and then have access to the moneto app’s features. An upgrade to enable mobile payments at retail stores using their favourite phone is also available through DeviceFidelity’s pluggable NFC solutions.
Once a moneto account is active, users can send a money transfer through MoneyGram by clicking “send money” on the account home screen. The app guides the user through the process, and once complete a money transfer is typically available anywhere in the world.
In recent news, MoneyGram has renewed its contract with Nix Financial, a US-based financial solutions provider.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now