The Nilson Report
January 2005 issue 825
MAPCASH HOLDINGS’

Money transfer service issues prepaid cards with bank partners. GBC in Antigua is the first. Cards will be distributed for $3 at post offices through another alliance, this one with IGPC, which provides services to 70 postal administrations in the Caribbean, Africa, and Asia, Senders will pay $9.95 for transfers. Chesky Malamud is Cofounder at MapCash, (212) 629-1955, cmalamud@mapcash.com