MoneyGram Reaches New Milestone In The Philippines

MoneyGram (NASDAQ:MGI), a leading global money transfer and payment services company, has reached a new milestone by surpassing 10,000 locations in the Philippines. This makes MoneyGram one of the most widely networked global remittance companies in the country.

With presence in nearly 200 countries and now over 10,000 locations in the Philippines, MoneyGram continues to bring families closer through its reliable services.

“Convenience and reliability are important for our customers,” says Alex Chan Lim, country manager Philippines at MoneyGram. “Our goal is to provide them with locations to receive and send their remittances at every corner of their neighborhood. That’s why MoneyGram has an extensive network across the Philippines with a variety of established and reliable outlets that include banks, financial service outlets and department stores.”

Additionally, OFW family members can now send their remittances directly to loved ones’ bank accounts through MoneyGram’s cash to account service. This service enables customers to send needed funds directly into their family and friends’ bank accounts at any of the participating 20 banks in the Philippines.

About MoneyGram International

MoneyGram International, 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 334,000 agent locations -- including retailers, international post offices and financial institutions -- in nearly 200 countries and territories. MoneyGram also offers bill payment services in the United States and Canada. MoneyGram is listed on the NASDAQ Stock Exchange under the ticker symbol MGI. 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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