Travelex launches ATM-based money transfers in Middle East

Friday 13 February 2004 08:58 CET | News

Travelex, Jordans Jawdat, Raja & Makram Al-Alami Exchange Co. and Visa International, has launched a service called Cash Passport Money Transfer in Jordan.The partnership between Travelex and J R & M Al-Alami Exchange (Amman Exchange) allows remitters to deposit funds through any of the three Amman Exchange branches. Following this, a Visa ATM card will be couriered free of charge to the recipient, who can obtain cash directly from any of 800,000 ATMs worldwide displaying the Visa logo. The cost of initial registration inclusive of courier charges is U.S. $10. The card is reloaded at a cost of U.S. $5 per deposit. Initial ATM withdrawals made by recipients are free of charge and thereafter cost U.S. $2 each.

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Categories: Payments & Commerce | Payments General
Countries: World
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