“The renewal of this 17-year working relationship is a testament to a shared vision.” says Carl Scheible, executive vice president, Europe, Africa and Emerging Channels at MoneyGram. “Together, MoneyGram and the Post Office’s network are committed to meeting the needs of consumers who want convenient, reliable and fast money transfer services. We are delighted to continue our relationship with this trusted brand and look forward to continued growth of our shared business.”
According to the World Bank, the UK is a major source of remittances with an outward money transfer market worth of $3.7 billion.
MoneyGram has aligned with over 30 post offices 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
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 200 countries and territories. MoneyGram also offers bill payment services in the U.S. and Canada. 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.
About the Post Office
The Post Office already provides 170 different services and products spanning financial services including savings, insurance, loans, mortgages and credit cards. It also offers telephony; foreign currency; travel insurance and mail services. The Post Office has been serving communities in the UK for over 300 years and is currently one of the fastest growing Financial Services Company in the UK.
The Post Office, now independent of Royal Mail, has an unrivalled national network of around 11,500 branches across the UK, more than all the banks and building societies combined, and sits at the heart of many communities across the country. It serves around 18 million customers a week and half of all small businesses. 99.7% of people live within three miles of their nearest Post Office outlet with 93.1% within a mile.Post published in: News