MoneyGram Launches Mobile Services Though Its Web Site In The U.S.

MoneyGram (NYSE:MGI), a leading global money transfer company, announced today that users of iPhone, Android or Windows 8 mobile devices in the U.S. can now use moneygram.com to send money, find MoneyGram locations, estimate money transfer fees and view recent account activity.

“We know a growing number of consumers today use their mobile devices as a primary tool to search for products and services and conduct day-to-day activities, like online banking and other financial transactions,” said Juan Agualimpia, executive vice president and chief marketing officer, MoneyGram. “Augmenting technology to add this capability to our services is a step for MoneyGram in creating a robust mobile channel for our current and potential customers.”

Mobile device technology is a key component of MoneyGram’s alternative channel growth strategy to tap into the $50 billion cross-border U.S. remittance market.

About MoneyGram

MoneyGram, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers bill payment services in the United States and Canada and money transfer services worldwide through a global network of more than 310,000 agent locations – including retailers, international post offices and financial institutions – in 197 countries and territories. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.

Copyright Business Wire 2010

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