MoneyGram allows remittances from US to Visa cards in Mexico

MoneyGram International has partnered with Visa to launch MoneyGram's first cash-to-Visa account program for remittances from the United States to Mexico.

Under the program consumers will be able to use any of the 35,000 MoneyGram locations in the U.S. to quickly and reliably send funds directly to eligible Visa accounts in Mexico. Recipients in Mexico receive the funds directly to their Visa credit, debit, or prepaid accounts. Then they can withdraw the cash from Visa's global network of millions of merchant acceptance locations and ATMs.

Transactions are initiated by MoneyGram agents and processed through Visa's secure global network, VisaNet. Funds are deposited directly to a recipient's eligible Visa debit, credit or prepaid account in Mexico, with minimal action required by the recipient. Once funds are received in the Visa account, recipients can access the money conveniently anywhere Visa is accepted or withdraw cash at any Visa ATM.