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MoneyGram global agents' network surpasses 300,000.

Summary: DUBAI - MoneyGram, a leading global money transfer company now has a global network of more than 310,000 agent locations, following a year of significant network and channel growth.

DUBAI - MoneyGram, a leading global money transfer company now has a global network of more than 310,000 agent locations, following a year of significant network and channel growth.

Grant Lines, MoneyGram's senior vice-president of Asia Pacific and Middle East, said: "Our teams have done a fantastic job of meeting consumer needs."

In addition to working with well established agents such as NCB, NBAD, Al Rostamani, Al Ahalia, BEC and BFC, MoneyGram also recently launched its relationship with Qtel to offer international mobile money transfer services.

Transaction growth in South Asia was also robust with network strength crossing 51,000 locations. MoneyGram services are available in India at India Post, Thomas Cook, UAE Exchange, Supreme Securities and State Bank of India. MoneyGram works with Hatton National Bank, Commercial Bank of Ceylon, Bank of Ceylon, Himalayan Bank, United Remit and Maldives Post in Sri Lanka, Nepal and Maldives.

In Pakistan, the MoneyGram agents include: Bank Al Falah, Wall Street Exchange, Soneri bank, Bank Al Habib and MCB Bank Limited, among many others. In fact the network in Pakistan grew by 30 per cent in just six months in 2012.

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Publication:Khaleej Times (Dubai, United Arab Emirates)
Date:Mar 15, 2013
Words:233
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