MoneyGram, a leading global money transfer company, announced that it has reached an agreement with TML, one of the fastest growing remittance companies in Malaysia, to offer international money transfer services at TML locations throughout the country. TML will increase MoneyGram’s international money transfer footprint in Malaysia while providing customers more money transfer options. MoneyGram has recently experienced growth in the region, with money transfer locations that now cover the eastern and western sides of the country.
ampm, BP’s popular West Coast convenience store franchise, agreed to offer MoneyGram’s full suite of consumer products at participating ampm locations in the Western United States, the companies announced. With this, BP is promoting MoneyGram’s money transfer services, bill payments, money orders and prepaid cards to its network of more than 950 ampm franchises throughout Arizona, California, Nevada, Oregon and Washington.
MoneyGram global money transferhas crossed the 20,000 agent location milestone in Africa and is opening a new office in Casablanca, which will initially house ten MoneyGram employees. MoneyGram has been in Morocco since 1998. In June 2011, the company opened its Casablanca office dedicated to taking care of its nine agents in Morocco and those in North Africa and West Francophone Africa to provide MoneyGram products and services for customers across the region. MoneyGram announced the addition of First National Bank in South Africa, an addition that doubled the company’s agent network in South Africa to 1,000 locations, before adding 600 locations in Nigeria.
MoneyGram announced that its money transfer services at Rural Credit Union (RCU) Zhejiang are live at 96 locations in Zhejiang province of China. MoneyGram services are available to Zhejiang residents to send and receive money internationally in USD and Euros across 196 countries at participating RCU Zhejiang locations. According to the World Bank, China is the second-largest recipient of money transfers globally, with about $62 billion annually coming into the country.
MoneyGram money transfer announced customers in China can now cash out money transfers from Australia in Australian dollars at any Bank of China (BOC), CITIC Bank or Industrial and Commercial Bank of China (ICBC) branch location. The addition of Australian payout service, available at all 9,755 BOC; 1,858 ICBC; and 450 CITIC Bank branch locations offering MoneyGram services, are offered free of currency exchange fees for Australian customers sending money to friends and family in China since the transactions involve Australian dollars at both the sending and receiving location. For customers in Australia, MoneyGram is currently offering a $16 Australian dollar flat fee for any amount up to $10,000 US dollars from now until January 2, 2013.
MoneyGram announced its money transfer services at China Guangfa Bank (CGB) are now available at all of its 132 banks across China, which are now available at more than 14,000 locations in the Country. CGB has 544 branches covering about 40 cities and towns in mainland China. CGB offers a broad range of financial services including personal and corporate banking, asset management, wealth management, broker-dealer and advisory services, issuance services, and treasury services and has more than 500 branches in mainland China, Hong Kong and Macau.
MoneyGram global money transfer company forged agreements with Banco Ganadero, adding the bank to the money-transfer network. Banco Ganadero customers will now be able to both send and receive international money transfers through MoneyGram’s global network. ALso, MoneyGram’s money transfer services will be available at nearly 600 locations in Bolivia, solidifying MoneyGram’s network in Bolivia.
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 International will announce its second quarter fiscal year 2012 financial results on Thursday, July 26, 2012. Pamela H. Patsley, chairman and chief executive officer, and Alex Holmes, executive vice president and chief financial officer, will host a conference call at 9 a.m. EDT to discuss the quarterly financial results. A news release detailing the results will be available prior to the call on MoneyGram’s website at moneygram.com.
MoneyGram, a leading global money transfer company, announced today that it has added 30 countries to its direct-to-account (or cash-to-account) service for funds sent to the Philippines. Previously, the direct-to-account service was available only for customers sending funds from the United States to the Philippines. This service enables customers to send needed funds directly into…
MoneyGram, a leading global money transfer company, announced it has expanded its relationship with Speedway LLC (Speedway) with the addition of MoneyGram xpress to the convenience store chain’s 1,460 locations across the Midwest. Speedway will also continue to sell MoneyGram money orders under the new agreement. The MoneyGram xpress service allows customers to purchase in-lane, a pre-paid money transfer package in a predetermined and defined dollar amount. These packages can then be redeemed online at moneygram.com/xpress or by phone at 1-800-987-9859 to complete the money transfer. Recipients of transfers originated via the MoneyGram xpress service can pick up their funds at any MoneyGram agent location that offers money transfer services.
MoneyGram and Bank of China completed a three-year expansion of services across the Bank of China network. This allows customers access to MoneyGram’s services at any of the Bank’s more than 10,000 locations. MoneyGram and the Bank of China worked together to expand throughout Bank of China’s national network spanning urban cities and rural towns. China, with about $57 billion annually coming into the country, is the second largest recipient of money transfers globally thanks to the increasing global transience of citizens. Money transfers are available for receipt at Bank of China locations from any of MoneyGram’s 267,000 locations globally in as little as 10 minutes.