MoneyGram Reaches 200 Country Network Milestone

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Press Release

December 20, 2013 at 1:12 PM EST

MoneyGram Reaches 200 Country Network Milestone

Alliance with agents in Equatorial Guinea and Myanmar helps company reach landmark goal

DALLAS--(BUSINESS WIRE)-- Following a year of significant network growth and expansion, MoneyGram (NASDAQ: MGI), a leading global money transfer and payment services company, has reached a company milestone and is now offering services in 200 countries and territories worldwide. The achievement follows new agreements with agents in Equatorial Guinea and Myanmar.

"This is an important achievement in our continuous efforts to strengthen our network and to reach more customers across the globe," says Pamela H. Patsley, chairman and chief executive officer at MoneyGram. "We are committed to our goal of being the preferred money transfer provider for our customers worldwide."

In Equatorial Guinea, customers can now use MoneyGram services at CCEI Bank, the largest bank in that country. In Myanmar, services are available at three banks: Asia Green Development (AGD) Bank, Myanmar Citizens Bank (MCB) and Tun Foundation Bank (TFB).

The move to include MoneyGram services in Equatorial Guinea and Myanmar strategically targets previously underserved customers, and aims to bring customers closer through money transfers that can be made to and from locations across the globe.

"Enabling our customers to reach whomever they need — whenever and wherever — is a priority for us," Patsley said. "Companies across the globe are coming to MoneyGram based on our track record of reliability and convenience, and the level of support and personal service they receive from us. They recognize that we are a leader in our industry, and are proud to leverage the power of the MoneyGram brand and network."

About MoneyGram International

MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide through a global network of 334,000 agent locations -- including retailers, international post offices and financial institutions -- in 200 countries and territories. MoneyGram also offers bill payment services in the United States and Canada. MoneyGram is listed on the NASDAQ Stock Exchange under the ticker symbol MGI. To learn more about money transfer or bill payment at an agent location or online, please visit or connect with us on Facebook.

MoneyGram International
Michelle Buckalew, 469-834-9631

Source: MoneyGram International

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