MoneyGram Reaches 200 Country Network Milestone
Alliance with agents in Equatorial Guinea and Myanmar helps company
reach landmark goal
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 moneygram.com
or connect with us on Facebook.
Michelle Buckalew, 469-834-9631
Source: MoneyGram International
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