MoneyGram Payment Systems, Inc. and Bank of Overseas Chinese Introduce International Money Transfer Service.Business Editors
MINNEAPOLIS--(BUSINESS WIRE)--March 1, 2004
MoneyGram Payment Systems, Inc. will soon extend its fast and convenient MoneyGram(R) international money transfer service to Taiwan through the new strategic partnership with Bank of Overseas Chinese A list of famous people with Chinese ancestry living outside of the Republic of China and the People's Republic of China. Leaders and politicians
MoneyGram is a fast money transfer service that enables individuals to send and receive cash either domestically or internationally in just 10 minutes(a), without the need for a bank account or credit card. The MoneyGram service will be available at all 53 locations of BOOC in Taiwan. In mainland China, MoneyGram now has more than 350 locations in 75 cities and 17 provinces.
MoneyGram bolstered its agent network in China by renewing contracts with CITIC CITIC China International Trust and Investment Corporation Industrial Bank and Industrial & Commercial Bank of China (ICBC ICBC Industrial and Commercial Bank of China
ICBC Insurance Corporation of British Columbia
ICBC International Commercial Bank of China
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ICBC Interagency Committee on Back Contamination ) in 2001 and signing Bank of Communications Bank of Communications Limited (BoCom or BoComm) HKSE: 3328 (Simplified Chinese: 交通银行; Traditional Chinese: 交通銀行 in 2002. Bank of Communications, the first joint-stock commercial bank in China and one of the country's leaders in the remittance business, completed an initial rollout of the MoneyGram service last year at nearly 50 locations in 5 major Chinese cities (Shanghai, GuangZhou, FuZhou, WenZhou, YanBian). MoneyGram will be rolled out to Bank of Communications locations in all major cities in 2004.
With an agent network covering more than 160 countries representing more than 60,000 locations, the consumer can soon enjoy the many features and benefits this service offers and remit money from Taiwan to China and all around the world. Reliability and speedy transaction processing are the most important qualities of this unique service. Funds are usually paid to the recipient minutes after the transaction is completed at the sender's end.
MoneyGram is owned by Travelers Express Company, Inc., a subsidiary of Viad Corp (NYSE NYSE
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VVI Velocity Vector Imaging (trademark of Siemens AG)
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VVI VVimaging, Inc. ). For more information or to locate a MoneyGram agent, visit the company's website at www.moneygram.com.
(a) Subject to receive agents' hours of operation and local regulations.