MoneyGram Renews Contract With Nix Financial

MoneyGram (NASDAQ: MGI), a leading global money transfer company, announced it has renewed its contract with Nix Financial, a leading financial solutions provider in the greater Los Angeles area that offers a broad range of services from small consumer loans, prepaid debit and credit cards, bill payment and check cashing to financial education.

The contract renewal draws upon a solid, successful relationship between MoneyGram and Nix Financial. Nix will continue to exclusively provide MoneyGram money transfer services and money orders to its customers.

“We have been privileged to serve the Los Angeles area through Nix Financial’s convenient locations, which are readily accessible to our customers,” said Pete Ohser, MoneyGram senior vice president, U.S. and Canada. “Contract renewals are important to our business and clear signs that our brand is bringing added value to consumers.”

Nix Financial customers regularly depend on MoneyGram’s services to securely send and receive funds from Latin America as well as locally. With the agreement, customers can continue to quickly send or receive funds at any Nix location to recipients across the globe.

“We truly value our partnership with MoneyGram,” said Nix Financial President Randall Dotemoto. “Nix Financial’s drive to meet customer needs, combined with MoneyGram’s reliable services, strong brand and vast network, are a winning combination for consumers.”

MoneyGram also provides bill payment and prepaid services for customers seeking added convenience.

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 321,000 agent locations – including retailers, international post offices and financial institutions – in 198 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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