20 June 2018
Visit www.worldwealthreport.com/

MoneyGram adds agent locations in Latin America

04 August 2009  |  2531 views  |  0 Source: MoneyGram International

MoneyGram International (NYSE:MGI), a leading global money transfer company, announced it recently added nearly 1,200 locations in Mexico, Ecuador, Colombia and the Dominican Republic.

With this latest expansion, the Latin America region, including Mexico and the Caribbean, now has more than 25,000 MoneyGram agent locations.

"MoneyGram's network in Latin America has doubled over the last five years with growth balanced across more than 40 countries and territories to serve the needs of a region that according to World Bank received nearly $65 billion in remittances last year," said Anthony P. Ryan, president and CEO of MoneyGram. "These latest expansions are in countries where our network already is vast and diverse. We're continuing to expand our presence in locations offering more convenience to our consumers such as Farmapronto, a pharmacy chain offering extended and weekend hours."

Farmapronto, a leading pharmacy chain, is MoneyGram's newest agent in Mexico, providing more than 700 locations to MoneyGram's large and growing network across the country. In the Dominican Republic, MoneyGram has brought on leading bank Banreservas, expanding its network with 225 additional locations. In Ecuador, MoneyGram signed Banco Guayaquil, the second largest bank in the country, with 145 branch locations; and in Colombia, the company has increased its presence with the addition of Bogota-based Macrofinanceria, a leading consumer lender and a major player in the remittance market, which operates 60 branches in cities and rural communities across the country.

"MoneyGram's leading network is providing great convenience to our money transfer customers in Latin America," Ryan added. "As we continue to expand our distribution network across the region, we are also looking to deliver additional products and services and introduce innovative solutions to help our customers meet their financial needs."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
13336 views comments | 5 tweets | 8 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
11369 views comments | 11 tweets | 33 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
10212 views comments | 33 tweets | 27 linkedin
DBS to use robot to screen applicants for human jobsDBS to use robot to screen applicants for...
8253 views comments | 3 tweets | 6 linkedin
Robots save Nordea from GDPR processing nightmareRobots save Nordea from GDPR processing ni...
8065 views comments | 10 tweets | 15 linkedin