This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MoneyGram Signs Agreement With Poste Italiane

MoneyGram (NASDAQ: MGI), a leading global money transfer company, announced today that it has signed an agreement with Poste Italiane, the postal services’ operator in Italy. Through this agreement, MoneyGram will continue to offer services to consumers at convenient locations close to where they live and work.

“Signing such an important agreement is integral to serving our customers’ needs in Italy, and brings them closer to their friends and family across the globe,” said Pamela Patsley, chairman and chief executive officer at MoneyGram. “Since we began working with Poste Italiane, we have formed a very successful, strong relationship. We look forward to continuing our relationship with Poste Italiane for years to come.”

Poste Italiane (Italian Post Office) is the largest and most diverse infrastructure in logistic and technology solutions in Italy. It provides postal, financial, insurance and mobile telephony solutions to individuals, private corporations and public authorities. With its extensive network in the nation, Poste Italiane serves around 37 million clients throughout Italy. There are now more than 9000 Poste Italiane offices available for money transfer service with MoneyGram.

“This agreement strengthens a long-term successful cooperation that we have had for years and consolidates Poste Italiane’s share in the money transfer industry, which is growing strongly by the remittances from foreign residents in Italy toward their homeland. Today’s signing allows us to offer to our customers that send money abroad a more effective and convenient financial service,” explains Massimo Sarmi, the CEO of Poste Italiane.

Offering services to consumers in Italy is a priority for MoneyGram and Poste Italiane, as the country is a key country for remittances. According to Bancad’Italia, more than 6.8 billion Euro in remittances were made in 2012. Residents primarily send funds to friends and family in China, Philippines, Romania, Senegal, Morocco, Poland, India and Albania.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs