Payflo and MoneyGram introduce cash payment services for US gaming and lottery
The new partnership enables cash deposits and withdrawals at MoneyGram locations nationwide, providing an alternative payment method for regulated gaming transactions.
Key points:
– Payflo Inc. and MoneyGram have partnered to offer cash-in and cash-out services for US gaming and lottery players
– The service allows access to funds through over 30,000 MoneyGram locations
– Operators benefit from compliance measures and reduced reliance on pre-funded accounts
Payflo has announced a collaboration with MoneyGram, introducing a cash deposit and withdrawal service for players in the regulated US gaming and lottery sector.
The partnership is expected to address the growing demand for secure cash payment options, offering a solution that does not require a bank account or prepaid card.
The service integrates Payflo’s payment processing technology with MoneyGram’s financial network, aiming to provide a streamlined and compliant transaction process.
With the US gaming and lottery industry valued at over $100bn annually, the initiative aims to provide an additional transaction method for players while supporting regulatory adherence for operators.
Maria Armstrong, Director of Sales, North America, at Payflo, commented: “Our partnership with MoneyGram unlocks a unique payment experience, enabling both deposits and payouts in cash — a solution designed specifically for the gaming and lottery markets. This initiative reflects our mission to provide innovative, inclusive payment options while simplifying operations for gaming and lottery operators.”
Good to know: The service allows players to deposit and withdraw cash at participating MoneyGram locations nationwide, ensuring same-day access to funds
Anna Greenwald, MoneyGram Chief Growth Officer, stated: “Through this new service, players benefit from faster, more convenient access to their funds, while gaming operators gain a reliable, scalable and compliant payment solution to fuel their growth.”
In 2023, MoneyGram partnered with Play’n Go as part of a sponsorship deal with the MoneyGram Haas F1 Team, reflecting its broader strategy to expand digital and financial services.
The Payflo-MoneyGram service is positioned as a regulatory-ready alternative to existing gaming payment options, with future developments potentially including further integrations with digital wallets and mobile gaming platforms to expand accessibility.
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