MoneyGram Connects Customers to more than 2 Billion Accounts Around the Globe

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Jun 22, 2016, 08:00 ET

DALLAS, June 22, 2016 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) has reached a new milestone in its goal to make money transfers easier for millions of customers around the globe. MoneyGram customers can now send money quickly and reliably to more than 2 billion bank, mobile or virtual accounts in 27 countries through its account deposit network.

MoneyGram Connects Customers to more than 2 Billion Accounts Around the Globe

"MoneyGram is a leader in emerging channels. Our successful expansion into more than 2 billion accounts around the world is a testament to our commitment to providing our customers with a seamless omni-channel experience through our innovative technology," said Alex Hoffmann, MoneyGram's head of global product. "Whether in the digital or physical world, our customers are looking for a great experience when they send or receive money. One of the ways we deliver that great experience is by offering unparalleled choice that allows the customers to make their transactions wherever, whenever and however they want to use our services."

MoneyGram recently expanded its account deposit offerings to the United Kingdom, Romania, Morocco, Spain, Italy and Germany. The company is also connected to bank accounts in the five largest remittance markets in the world, Nigeria, China, India, Mexico and the Philippines.

According to the World Bank, digital transaction platforms are driving financial inclusion in emerging markets around the globe. MoneyGram plans to continue to leverage these platforms to expand its reach and further its goal of making money transfers easier for customers who depend on MoneyGram's innovative solutions to meet their financial needs.

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About MoneyGram International, Inc.

MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.

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SOURCE MoneyGram