MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer and payment services, and Canada Post, a trusted partner for over 15 years, have introduced flat fee pricing for money transfers.
Launched on June 10, money transfers of up to $500 cost $10 to send from anywhere in Canada to anywhere within the country and around the world. This affordable and easy-to-understand pricing structure positively benefits money remittance customers, enabling them to stay even closer to their loved ones.
"We are excited to offer our consumers a more affordable and simplified fee structure to help them send money when and where it's needed most," said Grant Lines, MoneyGram chief revenue officer. "MoneyGram is proud to offer one-fee pricing regardless of the recipient's location, removing further guesswork from the process."
"We are pleased to offer our customers the MoneyGram service at this new flat rate for transactions up to $500. We believe our customers will benefit from lower costs to send money," added John Reis, Canada Post general manager, retail. "And, along with the mobile app, we feel that faster, simpler and more cost-effective transactions will drive loyalty and growth."