MoneyGram inks Canada Post deal

Source: MoneyGram International

MoneyGram International (NYSE:MGI), a leading global money transfer company, announced today that Canada Post has added more than 3,000 locations to the already 3,000 available agent locations currently offering money transfer services nationwide.

Through a new partnership with Canada Post, money transfer services will be offered in post offices as well as postal outlets. Canada Post offers the largest retail network in the country. This expansion is the final phase of a multi-year agreement signed in 2008, in which Canada Post, a MoneyGram agent since 2002, agreed to increase the number the locations in which MoneyGram services are offered to customers.

"MoneyGram is very pleased that with this completed roll-out, our money transfer service is available at nearly all Canada Post locations nationwide," stated Dan O'Malley, executive vice president of the Americas for MoneyGram. "MoneyGram will be in over 6,000 Canada Post locations and within reach of virtually all Canadian residents."

"Canada Post has the largest retail network in the country and is pleased to offer increased services to Canadians," says Louis O'Brien, chief customer officer for Canada Post.

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