MoneyGram (MGI), a leading global money transfer company, announced it signed a multi-year agreement with Dollar General to offer its money transfer services in Dollar General's more than 10,000 stores throughout the United States.
Under the agreement, Dollar General will offer MoneyGram's in-lane money transfer service.
"Our customers rely on Dollar General for convenience when purchasing items at everyday low prices," said Todd Vasos, Dollar General's executive vice president, division president and chief merchandising officer. "The partnership with MoneyGram is a great fit for Dollar General and it further delivers checkout convenience to our customer."
Consumers using this service fund the money transfer at the point-of-sale in increments of $50, $100 and $200. The transaction is completed when the purchaser provides MoneyGram with the required information about themselves and the receiver via the Internet or telephone. With the addition of Dollar General, the MoneyGram network has grown to more than 50,000 U.S. locations reaching 197 countries and territories.
"Dollar General is a growing retail brand, and we are excited to welcome it as one of the newest members in our MoneyGram network," said Pete Ohser, senior vice president, United States and Canada, MoneyGram. "Together, MoneyGram and Dollar General are providing consumers with innovative ways to send money around the world. This relationship is proof of our continued growth and innovation."
MoneyGram also offers other self-service products, such as mobile, kiosk and online to accommodate the growing demand for options in sending and receiving funds safely and quickly across the globe.