PayPal (EBAY) is stepping up its efforts to serve the "unbanked" by introducing prepaid cash...
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.
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