MoneyGram International Inc. is attempting to gain more business from underbanked consumers by offering them a reloadable prepaid debit card.

The Minneapolis company said last week that it has signed a deal with AccountNow Inc., a prepaid debit card marketer that already has a reloading relationship with MoneyGram. AccountNow has developed a cobranded reloadable prepaid card that MoneyGram will distribute through its agent locations starting next month.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.