Ingenico (Euronext: FR0000125346 - ING), the world's leading provider of payment solutions, has a new relationship with MoneyGram International (NYSE: MGI), a leading global money transfer company, to provide money transfer services for the Sepa Europe Region.
The services will be made available through Ingenico's French subsidiary, Ingenico Prepaid Services.
By the end of the year, Ingenico Prepaid Services expects to implement this Money Transfer service in about 100 of its partner points of sales, including telephone shops, tobacconists and newspaper and magazine shops.
Through this offer, Ingenico Prepaid Services is diversifying its offer to retailers and providing them with new revenue opportunities." said Thierry Legros, Managing Director Ingenico Prepaid Services France.
The MoneyGram service meets the needs of a population of immigrants and immigrant descendants of more than 6 million people in France who want to transfer money quickly and economically to relatives in their countries of origin. MoneyGram International is present in 192 countries and territories, with a network of more than 244,000 locations worldwide, including over 1,000 in France.
Gabriel Hebinger, Country Director of MoneyGram in France, stated: This agreement enables us to provide convenient services to more people living and working in France, so they can send and receive money more easily and conveniently around the world. We anticipate that our relationship with Ingenico will expose us to new market segments and strengthen our position to continue growing our network throughout Europe."