MoneyGram MGI, a leading global money transfer company, has signed an
agreement with Univision Enterprises, a division of Univision Communications
Inc., the leading media company serving Hispanic America, to create a
MoneyGram link on Univision's MasterCard Prepaid Card "Tarjeta Prepagada"
page. Through this link, Univision's Prepaid MasterCard account holders can
easily and directly connect to MoneyGram to complete money transfers and
expedite bill payments using their Univision Prepaid MasterCard.
This agreement leverages the resources of Univision with the world's
second-largest global money transfer company. The MoneyGram network
currently has more than 310,000 locations in 197 countries.
"We're always looking for ways to improve our program for card members, "
said Scott Scovel, vice president and general manager of Univision Direct,
at Univision Communications Inc. "Adding MoneyGram's money transfers and
expediated bill pay services give current and prospective users valuable and
convenient services in one single location."
The agreement with Univision continues the growth momentum MoneyGram has
been experiencing in its emerging channel business.
"Our relationship with Univision is one more example of MoneyGram's growth
in emerging channels," said Tim Summers, MoneyGram head of emerging channels
and strategic partnerships. "We've been successful in establishing
innovative relationships with companies that serve similar customer profiles
and providing consumers with solutions that makes sending money easier."
The company recently reported strong performance from its online, kiosk and
mobile alliances, including online transaction growth of 58 percent with
revenue growth of 23 percent, both of which accelerated greatly from the
third quarter.
MoneyGram provides its online service to consumers through strategic
relationships and agents in the U.S., UK and Germany who want to reach more
consumers and enhance their online presence through MoneyGram's suite of
services.
Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in