MoneyGram has added AMA Bank as an agent in the Philippines, effectively doubling the number of company locations for sending and receiving money transfers in the country.
The company said its newest network expansion increased agents from 279 to 500 with the addition of AMA Bank’s branches and affiliates at educational institutions and video shops.
The AMA Bank locations add to the existing MoneyGram locations at Equitable PCI Bank, the country’s second largest bank. Equitable PCI Bank has been a MoneyGram agent for five years.
According to Tony Samour of MoneyGram, the network expansion works to reach more customers.
“Now we are more accessible to Filipinos in the outer islands and more remote areas of the country,” he said. “And there is increased convenience to our customers because we now have agents in hundreds of retail locations as well.”
Samour said the video shops are open longer hours than the typical financial institution or bank branch. The students and overseas workers studying at AMA’s computer schools are also expected to be heavy users of the popular money transfer services.
MoneyGram Payment Systems, Inc., a subsidiary of Travelers Express Company, is a leading money transfer services company with more than 30,000 locations in more than 135 countries around the world. Travelers Express is a subsidiary of Viad Corp (NYSE:VVI), and provides payment services in the financial, retail and money transfer areas.
To find a MoneyGram agent, go to [www.moneygram.com]. For more information on Travelers Express go to [www.travelersexpress.com], for Viad Corp, [www.viad.com].