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TheStreet Open House

MoneyGram And Canada Post Sign Multi-Year Extension To Provide Fast And Convenient Money Transfer Services In Canada

MoneyGram (NASDAQ: MGI), a leading global money transfer and payment services company, and Canada Post, Canada’s leading provider of electronic commerce and customer communication solutions, have extended their agreement to provide MoneyGram services at Canada Post locations through 2020. Through this collaboration, MoneyGram will continue to offer fast and convenient money transfer services at more locations in Canada than any other provider.

“MoneyGram is proud of our successful relationship with Canada Post over the last twelve years, and we look forward to expanding our services together by providing new and innovative options for transferring funds,” said Peter Ohser, MoneyGram’s executive vice president of U.S. and Canada. “Canada Post’s retail network is the largest in the country, providing consumers easy access to MoneyGram’s services.”

In addition to domestic and international money transfers, MoneyGram also offers bill payment services at Canada Post locations, providing consumers the ability to make payments for necessities such as phone services, home mortgages or automobiles.

“Our relationship with MoneyGram provides convenient access to these financial services across Canada. This continuing agreement enables us to leverage our retail footprint and further enhance the key role our post offices continue to play in our communities,” said Doug Jones, Senior Vice President, Delivery and Customer Experience at Canada Post.

MoneyGram has aligned with over 30 postal administrations around the world to provide consumers with convenient access to reliable and affordable money transfer services close to where they live and work.

About MoneyGram International, Inc.

MoneyGram, a leading money transfer company, provides essential services to consumers who are not fully served by traditional financial institutions. MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 339,000 agent locations, including retailers, international post offices and banks. MoneyGram also offers bill payment services, issues money orders and processes official checks in select markets.

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