Source: Business Wire
Wednesday, April 10, 2013 10:58 AM IST (05:28 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Banking & financial services, Business services, Financial Analyst
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(BW)(MONEYGRAM)(MGI)MoneyGram Renews Agreement with India Post
New Delhi, Delhi, India, Wednesday, April 10, 2013 -- (Business Wire India) --
MoneyGram (NYSE:MGI), a leading global money transfer company, has announced it successfully renewed its agreement with India Post, the largest postal network in the world. MoneyGram launched the service with India Post in September 2011 at 100 India Post locations. Since then, that number has grown to include 2,500 India Post locations offering MoneyGram's money transfer service.
Harsh Lambah, senior regional director, South Asia says, "We are delighted to extend our successful relationship with India Post as it builds on our commitment to provide fast, reliable and affordable money transfers to our valued customers. We are also looking forward to further expanding and increasing India Post locations in the coming years to offer convenience to our customers, and offering the added trust associated with India Post and MoneyGram."
MoneyGram's growth strategy includes aligning with post offices, among other types of agents, providing consumers with convenient access to reliable and affordable money transfer service close to where they live and work. Currently, MoneyGram has nearly 30 postal relationships globally in countries such as the United Kingdom, Canada and Italy with plans to expand further in the coming years.
About MoneyGram
MoneyGram, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers bill payment services in the United States and Canada and money transfer services worldwide through a global network of more than 310,000 agent locations - including retailers, international post offices and financial institutions - in 197 countries and territories. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.
CONTACT DETAILS
CONTACTS :
MoneyGram
Sophia Stoller/Mike Gutierrez, 214-303-9923
media@moneygram.com
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, BANKING, BUSINESS SERVICES, Financial Analyst
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