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-MoneyGram brings Australian payout service to China market.

BANKING AND CREDIT NEWS-September 13, 2012--MoneyGram brings Australian payout service to China market(C)2012 M2 COMMUNICATIONS http://www.m2.com

13 September 2012 -- Texas, USA-based money transfer provider MoneyGram, (NYSE: MGI) said that customers in China can now cash out money transfers from Australia in Australian dollars at any Bank of China, CITIC Bank or Industrial and Commercial Bank of China branch location.

The addition of Australian payout service, available at all 9,755 BOC; 1,858 ICBC; and 450 CITIC Bank branch locations offering MoneyGram services, are offered free of currency exchange fees for Australian customers sending money to friends and family in China since the transactions involve Australian dollars at both the sending and receiving location, MoneyGram said.

CITIC Bank and BOC can also send money across the globe in Australian dollars.

For customers in Australia, MoneyGram is currently offering a USD 16 Australian dollar flat fee for any amount up to USD 10,000 US dollars from now until January 2, 2013.

((Comments on this story may be sent to info@m2.com)).END.PUB430>PDSeptember 13, 2012>JNBANKING AND CREDIT NEWS.PRICEDATENOT APPLICABLE.DAY

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:9CHIN
Date:Sep 13, 2012
Words:189
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