MoneyGram partners with Tesco Bank to launch new online money transfer platform


GLOBAL money transfer firm MoneyGram International has partnered with Tesco Bank to launch a new international online money transfer platform.



Launched on Wednesday (23), the new service allows customers of both the firms to set up their transactions online and then pay by cash or card at Tesco stores.

With no paperwork in-store and reduced process time money can be sent abroad easily, a statement said.

Already available in 810 stores, the new facility will be offered in 129 more Tesco Express stores across the UK.



The company plans to launch the facility in all 1,500 stores across the country in 18 months.

Richard Meredith, head of UK key partnership at MoneyGram, said:
“This solution is a key milestone in our ongoing collaboration with Tesco Bank in being able to offer a seamless, digitised experience for customers.”

“There are millions of people across the UK sending money abroad to help loved ones with everyday needs or in times of emergency,” said Sigga Sigurdardottir, chief customer officer at Tesco Bank.



“Our goal is to help Tesco shoppers manage their money a little better every day, and this enhancement to our partnership with MoneyGram lets customers send money overseas even more efficiently than before.”

MoneyGram enables people to send money in more than 200
countries and territories, with more than 75 countries now digitally enabled.

Tesco Bank helps to make banking and insurance easier for Tesco customers.