Leading Payday Lender QC Holdings, Inc. Makes the Change To MoneyGram

Leading Payday Lender QC Holdings, Inc. Makes the Change To MoneyGram

Employees across 23 states whom use check cashing services are now able to additionally deliver cash, settle payments or purchase a cash purchase from a single convenient location, utilizing MoneyGram’s vast international community and repayment services. QC Holdings, Inc., certainly one of the nation’s leading payday loan providers, this week began rolling out MoneyGram (NYSE:MGI) services at a lot more than 300 of their retail places after significantly more than a 20-year affiliation with a competitor that is leading.

“We are stoked up about our brand new relationship with MoneyGram. Its strong international community and technology solutions will deliver excellent value to the customers also to our company,” said Darrin Andersen, QC Holdings’ president.

QC Holdings operates shops in 23 states, because of the presence that is strongest in Ca, Missouri and sc. The company’s main customer brands are Quik Cash and National Quik money, nevertheless the business also incorporates Ca Budget Finance, Express Check Advance of sc, First Payday Loans, QC Finance and AutoStart United States Of America.

“We are delighted to own received ecommerce, as QC Holdings is an established and reputable company into the lending that is payday check cashing industry,” said Dan O’Malley, MoneyGram’s professional vice president associated with the Americas and emerging areas. “Additions like QC Holdings give MoneyGram an existing amount and income base from where to build on, plus these are typically our most readily useful product sales device. Their impact and client base is a complement that is strategic MoneyGram’s community.”

QC Holdings, Inc. joins Mid-State Ventures, LLC d/b/a Friendly always check Cashing and Rite Check Cashing, Inc., that also joined up with MoneyGram previously this year after long associations (15 years and 40 years, correspondingly) with a competing cash transfer business. MoneyGram’s representative system also incorporates Advance America, ACE money Express and Speedy money.

About MoneyGram Overseas MoneyGram Overseas, a prominent cash transfer business, allows customers who’re perhaps not completely offered by conventional banking institutions to satisfy their monetary requirements. MoneyGram provides bill payment solutions in the United States and Canada and cash transfer services around the world through a worldwide system of greater than 244,000 agent locations—including merchants, worldwide post workplaces and economic institutions—in 192 nations and regions. For more information about money bill or transfer payment at a real estate agent location or on line, please visit www.moneygram.com or connect to us on Facebook.

About QC Holdings, Inc. Headquartered in Overland Park payday loans in Arkansas laws, Kansas, QC Holdings, Inc. is a leading provider of short-term loans in the usa, operating 499 branches in 23 states. With over 25 several years of running expertise in the retail customer finance industry, the business joined the short-term loan market in 1992 and, since 1998, has exploded from 48 branches to 499 branches through a variety of de novo branch spaces and purchases. In addition, the organization runs five automotive dealerships when you look at the Kansas City metropolitan area. During financial 2010, the business advanced roughly $1.0 billion to clients and reported total profits of $188.1 million.

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