By Mohammed Waseem
Small and medium sized financial businesses, who don’t have their own resources to facilitate international money transfer, use the network of leading money transfer services. This gives them access to the entire world, while not having any operation in most of the countries. This gives them an opportunity to expand their businesses and gain a lot of experience.
American financing company, ACE Cash Express offers money transfer services to 197 countries worldwide. The service is advertised as MoneyGram, but they are provided by ACE Cash Express. So, necessarily, it is the advertisement of agency. And apart from all the locations MoneyGram has, ACE Cash Express adds to these. They do not mention the other MoneyGram offices locally, but allow collection of cash at any location in the world.
Senders can also use their services to send money online. But this, they do by redirecting to MoneyGram website. They do not have a webpage of their own to facilitate online transfer.
ACE also offers loans and prepaid card solutions; and this service becomes an add-on to their customers and may also bring new customers.