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Payments News » MoneyGram Launches Innovative MoneyGram FastSend™ Service Enabling Customers to Send Money Directly to a Phone Number

“To use FastSend, customers simply log in to the MoneyGram app or website, enter the receiver’s name and phone number, and select FastSend. A text is sent to the receiver notifying them that they have funds immediately available for deposit. The receiver then logs in, adds their debit card, and the funds are transferred into their bank account within minutes. As the name implies, FastSend gives users a fast way to send money by simply sending a text message, without needing to input the receiver’s bank account information. It’s also affordable, costing just $1.99 per transaction from debit cards, and offers a $10,000 limit per transaction – a considerably higher amount than similar offerings from other companies.”

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