Wednesday, October 24, 2012

Partnership of PayPal and MoneyGram Brings Together PayPal, Pakistan and Online Worlds

Wednesday, October 24, 2012

Tired of waiting for PayPal services in Pakistan? 

Well thanks to MoneyGram and PayPal partnership which is all set to get your started receiving your money from PayPal account and that too without bank account or credit card, announced Dan Schatt, Head of Financial Innovations PayPal.

MoneyGram has an international reach through its 284,000 local agents across 196 nations and areas that gives you real versatility and comfort. So with MoneyGram you’re never far away from a quick and simple cash exchange.

You can also receive money with MoneyGram at Bank Al Falah, MCB, KASB, Bank Al Habib, Bank Islami,Soneri Bank, Habib Metropolitan Bank, Tameer Bank, Wall Street Exchange, Paracha Exchange, Royal Exchange, Dollar East and anywhere you see the MoneyGram sign.

Receive Money Using MoneyGram via PayPal in Pakistan PayPal clients will be able to put money in and take cash out of a PayPal from any nearest agents of MoneyGram’s 284,000 places around the world, providing comfort to a wide range of different companies and clients. This contains clients who would like to use their money to spend off-line or online wherever PayPal is approved, or for suppliers that want immediate access to the money obtained in their PayPal account. It will also provide a fast and protected way for clients with immediate money transfer needs, like mother and father requiring to deliver money to their kids in college, reported PayPal Official Blog on Monday OCTOBER 22, 2012.

For those of you without a credit card or bank account will now be able to use this service for easily converting your cash into payments. All you will need for this is your mobile number or email address.

Step 1

Ask the person who is sending you money to give you your reference number – this will help speed up your collection.

Step 2

Visit a MoneyGram agent (locate one using Find Us), taking some identification* and your reference number with you.

Step 3

Complete our simple ‘receive’ form and show your identification – you will then be given your money, usually in your local currency.

The service is predicted to be channeled in the US in beginning 2013, and progressively distributing worldwide.

Following is the statement from the official PayPal Blog.

In addition to the ease and convenience this will offer to new and existing PayPal customers, we are also excited about how our new relationship with MoneyGram will benefit our collective partners.  For instance, our bank partners will be able to offer real-time money movement capabilities to be picked up at any
MoneyGram location, and our retailer partners will benefit from the ease by which PayPal consumers and businesses can now access their cash to engage and shop more across all channels.  The service is expected to be piloted in the US in early 2013, and gradually rolled out in the US and beyond. 
This latest initiative with MoneyGram is another example of how we’re enabling our digital wallet to work across multiple platforms and devices, online and offline, in order to offer consumers more control, flexibility and functionality when interacting with their money. At PayPal, we aspire to help people get more of what they want through better, simpler financial services and products.
Stay tuned for more!

6 comments:

  1. How soon can we expect it

    ReplyDelete
  2. This looks too early to speculate. I am yet to hear anything officially from PayPal

    ReplyDelete
  3. Well I know you have in depth research on it. Looking forward to it.

    ReplyDelete
  4. yes i m looking forward to it also

    ReplyDelete

Related Posts Plugin for WordPress, Blogger...