PayPal (EBAY) is stepping up its efforts to serve the "unbanked" by introducing prepaid cash cards that will be available at 30K+ U.S. retail outlets. The cards operate a bit like gift cards: consumers purchase a card with a fixed dollar amount, then add the funds to their PayPal account by logging in and typing the card's PIN. They arrive two months after PayPal inked a deal with MoneyGram to give unbanked users the option to deposit/withdraw funds via MoneyGram outlets.
PayPal (EBAY) is stepping up its efforts to serve the "unbanked" by introducing prepaid cash...
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