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

New MoneyGram Service Transfers Funds To Bank Accounts In Mexico In Less Than An Hour

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.



Copyright Business Wire 2010

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