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Banrural in Guatemala Moves to MoneyGram.


MINNEAPOLIS Minneapolis (mĭn'ēăp`əlĭs), city (1990 pop. 368,383), seat of Hennepin co., E Minn., at the head of navigation on the Mississippi River, at St. Anthony Falls; inc. 1856.  -- Banrural, a banking organization serving mainly rural Guatemala Guatemala, city, Guatemala
Guatemala, city (1994 est. pop. 823,301), S central Guatemala, capital of the republic. Its full name is La Nueva Guatemala de la Asunción. In a broad, fertile, highland valley, c.
, began offering MoneyGram(R) money transfer services in 320 locations on July 21. Banrural selected MoneyGram to provide its customers with an affordable, reliable and convenient money transfer service.

MoneyGram recently enhanced its services to Guatemala with payouts in local currency with competitive exchange rates, and send fees as low as $9.99 for up to $1,000 from the U.S. to Guatemala.(a) With the addition of the Banrural locations, MoneyGram also is expanding its network in Guatemala into more than 105 new towns and villages.

"We are extremely pleased to bring Banrural into our network," said Tony Ryan This article is about a recently deceased person.
Some information, such as the circumstances of the person's death and surrounding events, may change rapidly as more facts become known.
, MoneyGram's vice president and general manager of its Global Funds Transfer group. "It makes our service even more convenient for many, many families in the rural areas, and we will now have the largest money transfer network in the country."

About MoneyGram International, Inc.

MoneyGram International, Inc. is a leading global payment services company and S&P MidCap mid·cap  
adj.
1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations.

2.
 400 company. The company's major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers. MoneyGram is a New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 listed company listed company ncompañía cotizable

listed company nsociété cotée en Bourse

listed company list n
, with over $825 million in revenue in 2004 and over 81,000 global money transfer agent locations in 170 countries. For more information, visit the company's website at www.moneygram.com.

About Banco de Desarrollo Rural, S.A. - BANRURAL

BANRURAL is a leading banking institution in Guatemala focused on the rural development of Guatemala by providing loans and credits to small and mid size businesses throughout the largest network in Guatemala of 320 offices. BANRURAL is now one of the top 10 banks in Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific.  and will continue its growth in the rural areas.

(a) In addition to the transfer fee, a foreign exchange rate set by MoneyGram or its agents may apply. Prices subject to change and may vary by location.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 22, 2005
Words:324
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