MoneyGram and Carrefour ink Romanian deal

Source: MoneyGram

MoneyGram International (NYSE: MGI), a leading global money transfer provider, announced today that it has signed an agreement with Carrefour, Europe's largest retailer, to add money transfer service agents and facilities to 22 Carrefour hypermarkets throughout Romania.

Carrefour hypermarkets are strategically located in Romania, servicing the largest metropolitan urban areas such as Bucharest, Brasov, Constanta and Cluj, and reaching a population of more than 5 million, in these metropolitan areas alone.

"We are pleased to expand our relationship with Carrefour and establish a key presence in its prominent Romanian hypermarkets," said John Hempsey, head of MoneyGram International Limited. "Romania continues to be a significant focus in MoneyGram's global growth strategy. The country is one of MoneyGram's largest markets in terms of transactions received. More than 2 million Romanians live in Spain, Italy, the United States and the United Kingdom and regularly send money home to their families."

The agreement provides significant value to Carrefour's customers in Romania. MoneyGram's money transfer service supports Carrefour's one-stop-shop philosophy, allowing customers to send and receive money transfers in convenient, safe and familiar shopping locations.

"Adding MoneyGram's reliable money-transfer services to our markets in Romania will save our customers time and resources, especially those customers with relatives who are living abroad and sending funds back home," said Jean Claude Mota, Carrefour director. "In addition to shopping for both department store goods and groceries, customers can now complete international financial transactions, all during one store visit."

MoneyGram has provided services in Romania for more than 15 years. Agents in Romania include Romanian Commercial Bank, UniCredit Tiriac Bank, OTP Bank, ProCredit Bank, Libra Bank, Alpha Bank, Speed Transfer, Smith&Smith, and Intesa San Paolo Ban. In June, MoneyGram began offering multi-currency payout, providing customers with the option to select payout in euros, local lei or U.S. dollars. The introduction of multi-currency payout in Romania demonstrates MoneyGram's continued commitment to enhance its product offerings and provide consumers around the globe with a superior value.

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