(NASDAQ: MGI), a leading global money transfer and payment services
company, announces an agreement with MTS, one of the largest mobile
phone retailers in Russia, to offer money transfer services in MTS
stores throughout the country. The relationship significantly boosts
MoneyGram's presence in Russia.
The agreement enables Russian and foreign citizens to transfer funds to
friends and family at any of MoneyGram's more than 334,000 worldwide
locations. Customers can easily and conveniently complete transactions
in MTS retail offices without having to visit bank branches.
"MoneyGram's agreement with MTS is a very important step in expanding
our footprint in Russia," says Evgeny Butyugin, regional director at
MoneyGram Russia, CIS, Emerging Europe and Israel. "It also makes access
to our services more convenient for our customers in Russia, enabling
them to send and receive money from retail locations."
The signing is the result of collaboration between MoneyGram and the
RNKO "Payment Center," a settlement non-banking credit organization.
MoneyGram and RNKO have worked together since 2008 to develop
relationships with Russian Federation financial institutions. Currently,
many Russian banks provide money transfers via MoneyGram, working
through the RNKO "Payment Center," but adding MTS as an agent
significantly increases the number of locations at which MoneyGram's
services will be offered.
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 nearly 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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