MoneyGram International Announces Multi-Currency Payout in Romania

Mon Jul 13, 2009 12:41pm EDT
 
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Customers can now choose euro, local lei or U.S. dollars to manage their
financial needs
MINNEAPOLIS--(Business Wire)--
MoneyGram International (NYSE:MGI), a leading global money transfer provider,
announced today its expansion of multi-currency payout in Romania that provides
more choices for customers to instantly select euros, local lei or U.S. dollars.


"Currency payout needs continue to evolve as migration trends for Romanians
change due to economic factors at home and around the globe," said John Hempsey,
head of MoneyGram International Limited. "The expansion of multi-currency payout
options better serves customers sending funds from outside of the European
Union." 

The introduction of U.S. dollar and local lei currency payout in addition to
euro payout in Romania demonstrates MoneyGram`s continued success in its
strategy to enhance its product offerings and provide consumers around the globe
with a superior value. 

"Romania is an important growth market and one of MoneyGram`s largest countries
in terms of transactions received," said Hempsey. "With more than 2 million
Romanian immigrants living and working in Spain, Italy, the United States and
the United Kingdom, there is a growing demand for new payout options that can
help Romanians both better manage their financial needs and minimize currency
conversion fees." 

Today, MoneyGram offers local or multi-currency payout options across
approximately 80 percent of the countries it serves. MoneyGram serves consumers
in Romania through MoneyGram agents Romanian Commercial Bank, ProCredit Bank,
Libra Bank, Smith & Smith, OTP Bank, Alpha Bank, Unicredit Tiriac Bank, and
Speed Transfer. 

About MoneyGram International
MoneyGram International offers more control and more choices for people
separated from friends and family by distance or those with limited bank
relationships to meet their financial needs. A leading global provider of money
transfer services, MoneyGram International helps consumers to safely send money
around the world in as little as 10 minutes. Its global network is comprised of
180,000 agent locations in more than 190 countries and territories. MoneyGram`s
convenient and reliable network includes retailers, international post offices
and financial institutions. To learn more about money transfer at an agent
location, please visit www.moneygram.com. 





MoneyGram International
Media Contact:
Jody Hinkle, 952-591-3839
jhinkle@moneygram.com



Copyright Business Wire 2009

 

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