MoneyGram global money transfer company has renewed its contract with Coppel department store chain after nearly 10 years of collaboration. With this, customers can access money transfer services across Coppel’s 976 retail locations, maintaining MoneyGram’s presence in the country, which boasts an inflow of approximately $24 billion in cash remittances during 2011-the world’s third largest receiver of money and Moneygram’s largest market for remittances sent from the U.S. MoneyGram will subsequently increase its marketing efforts to promote the availability of its send and receive services at Coppel’s retail stores.
MoneyGram global money transfer company announced CI Banco foreign currency exchange bank joined its growing money transfer network. CI Banco is now providing MoneyGram send and receive services at its 128 locations, strengthening MoneyGram’s position and is subsequently MoneyGram’s second largest send agent in Mexico.
George Zelinski has joined MoneyGram International as vice president of Central America, South America and the Caribbean regions to develop and direct sales strategies. Bringing to MoneyGram more than 25 years’ experience working in the financial services industry, including leadership positions in banks in Mexico City, Zelinski just spent 10 years with Arlington, Texas-based money transfer company DolEx Dollar Express where he served in various capacities including CEO, CFO, and vice president of sales. In addition to its commitment to the Central and South American and Caribbean markets, MoneyGram also has a concerted effort to strengthen its business across the Americas and is intensifying its focus on Mexico, specifically, under Robert Burford.