Under the terms of the alliance, the 1,400 financial institutions that currently are part of the Popmoney network will be able to enable customers to send money through MoneyGram’s global network, which spans more than 267,000 locations in 192 countries and territories. Consumers receiving money via Popmoney will also be able to receive cash payments in person at any MoneyGram agent location.
Popmoney enables consumers to send or receive money electronically via their existing bank accounts. Most recently, Fiserv has combined the Popmoney and ZashPay person-to-person (P2P) payment networks and will market the upgraded service as Popmoney.
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