Service allows U.S. customers to send money directly to all bank
accounts in Mexico
MoneyGram (NASDAQ: MGI), a leading global money transfer and payment
services company announces a new channel to transfer money to Mexico at
an unparalleled speed - in just 30 minutes.
The launch of this near real-time service provides customers with a fast
and secure option to send funds through the trusted MoneyGram network.
This new offering complements MoneyGram's strong bank account deposit
network in Honduras, El Salvador and Guatemala.
"MoneyGram has an excellent track record in Mexico, recently achieving
31% year over year transaction growth in the first quarter. We are now
focused on expanding self-service options for our customers who prefer
to receive funds directly into their bank accounts," says Juan
Agualimpia, Global CMO & EVP Latin America/Caribbean at MoneyGram.
"MoneyGram's customers in Mexico can now choose between the most
convenient cash pick-up network or the fastest account deposit service."
As of May 1st, MoneyGram customers can now send funds directly into
accounts at all banks in Mexico and top banks in Honduras, El Salvador
and Guatemala. During banking hours, these funds are deposited within
the hour. Should a customer send funds after banking hours, funds will
be credited the following morning.
About MoneyGram International, Inc.
MoneyGram, 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 339,000 agent locations - including
retailers, international post offices and financial institutions - in
more than 200 countries and territories. MoneyGram also offers bill
payment services in the U.S. and Canada.
MoneyGram International, Inc.
Michelle Buckalew, 214-979-1418
Source: MoneyGram International, Inc.
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