MoneyGram International, a global provider of money transfer services, has entered into a relationship with Univision MasterCard prepaid to enable Univision MasterCard prepaid card holders to load their cards at approximately 35,000 MoneyGram agent locations nationwide.
The Univision MasterCard Prepaid Card is a prepaid card offered by Univision Communications, the nation's Spanish language media company. The card, launched in July, provides Hispanic consumers with an alternative to carrying cash or using a credit card.
MoneyGram is offering Univision MasterCard Prepaid Card users the first load for free. Following the first free load, subsequent reloads using MoneyGram will be just $3.95. It offers reloading for hundreds of prepaid card programs in retail locations in virtually every community including many grocery, pharmacy and convenience store chains.
Greg Waltz, vice president and general manager of payment products at MoneyGram, said: "This alliance has the potential to reach more than 20 million underbanked Hispanics living in the US today and equip them with a convenient and affordable alternative to cash. With Univision's strong brand loyalty and MoneyGram's large number of reload locations across the country, such as Albertsons LLC and CVS and pharmacy, the alliance will provide Univision consumers with a convenient option for reloading."