MoneyGram International and National Bank of Abu Dhabi Partner to Bring Convenience of Mobile Money Transfer Service to Consumers in the UAE

June 24, 2010 10:43 AM Eastern Daylight Time 

Strategic agreement creates first international mobile money transfer network in the UAE

MINNEAPOLIS--(BUSINESS WIRE)--MoneyGram International (NYSE:MGI), a leading global money transfer company, and National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, today announced a strategic agreement that will make international money transfer services via mobile phones available for the first time to the bank’s customers all over the UAE. NBAD is the first MENA bank to allow international remittances via mobile phones to more than 200,000 locations across 190 countries around the globe.

“This partnership with NBAD reinforces our commitment to deliver innovative mobile money transfer products and services and provide consumers with flexibility and choice in how they send and receive money.”

The agreement, which significantly expands MoneyGram’s presence in this important country, will enable NBAD customers to initiate mobile money transfers virtually any time and any where, without the need to go to a retail location. The mobile money transfer service enables NBAD customers with an Arrow account or an NBAD-issued prepaid card to transfer money via mobile phone. Those who have no accounts at NBAD or not holding an NBAD-issued prepaid card can still use the Arrow service by using Visa co-branded prepaid cards.

"We recognize the critical role that mobile technology is playing in the evolution of the remittance market and we are delighted to partner with NBAD to be the first to offer international money transfer services via mobile phone in the UAE,” said Nigel Lee, MoneyGram’s executive vice president for Europe, Middle East, Africa, and Asia Pacific. “This partnership with NBAD reinforces our commitment to deliver innovative mobile money transfer products and services and provide consumers with flexibility and choice in how they send and receive money."

UAE has been recognized as a major source of remittances worldwide. The World Bank recently estimated remittances from the UAE to be between $15 billion and $20 billion in 2009 with potential to continue growing in the coming years. In GCC, the size of the remit market is nearly $50 billion. In addition, the UAE has one of the highest mobile phone penetration rates in the world.

“An overwhelming majority of expatriates in the UAE remit money to their families in their home countries. The Bank wanted to bring to the market a product that serves this large demographic. We worked very methodically for more than a year with our partners to fine-tune the Arrow service to ready it for consumers to use it to conduct international remittances,” said John Malouf, the General Manager of Consumer Banking at NBAD. “NBAD understands a key component to delivering quality service is by being a leader in innovation. The Arrow mobile phone payment service and its expansion into international remittance is another example of NBAD’s innovative leadership in the market place.”

About MoneyGram International

MoneyGram International offers 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 payment services company, MoneyGram International helps consumers to pay bills quickly and safely send money around the world with funds arriving in as little as 10 minutes. Its global network is comprised of 200,000 agent locations in more than 190 countries and territories. To learn more about money transfer or bill payment at an agent location or online, visit www.moneygram.com or follow us on Facebook.

Contacts

MoneyGram International

Lynda Michielutti, 952-591-3846

lmichielutti@moneygram.com

Permalink: http://www.businesswire.com/news/home/20100624005959/en/MoneyGram-International-National-Bank-Abu-Dhabi-Partner

MoneyGram Money Transfer Services Now Available in Over 6,000 Canada Post Locations

MoneyGram Celebrates Expansion with Special Pricing Promotion

MINNEAPOLIS--(BUSINESS WIRE)--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”

“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.

To celebrate the expansion, MoneyGram is offering special pricing on sends from any MoneyGram agent location in Canada to anywhere in the world. Between May 1 and July 31, 2010, the fee for money transfer sends of up to $500 CAD is only $8.00 CAD. Customers can get more information at www.moneygram.ca.

MoneyGram continues to build on its network, introduce its brand to consumers and provide them with a choice for safe, reliable money transfer services. With more than 198,000 valued agent locations in more than 190 countries and territories, MoneyGram is providing more choices, added value and increased convenience to consumers all over the world.

About MoneyGram International

MoneyGram International offers more choices to people separated from family and friends by distance or those with limited bank relationships to meet their financial needs. A leading global payment services company, MoneyGram International helps consumers to pay bills quickly and safely send money around the world with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 190,000 agent locations in 190 countries and territories. MoneyGram's convenient and reliable network includes retailers, international post offices and financial institutions. To learn more about money transfer or bill payment at an agent location or online, please visit www.moneygram.com or find us on Facebook.

About Canada Post

Canada Post delivered close to 11 billion pieces in 2009 to 14.9 million points of call across Canada. With 59,000 employees and more than 6,500 post offices, Canada Post maintains the largest retail and transportation network in the country. In 2009, net income for Canada Post and its affiliates, which include Purolator Courier, SCI Logistics and Innovapost (jointly owned by Canada Post and CGI), was CDN $281 million on revenues of CDN $7.3 billion. Canada Post provides innovative physical and electronic delivery solutions, creating value for our customers, employees and Canadians. Canada Post has been chosen as one of Canada’s Top 100 employers by Mediacorp for the past four years and in 2009 was named “Most Iconic Brand in Canada” by Brand Finance Canada. Web site: http://www.canadapost.ca.

Contacts

MoneyGram International

Lori Burzynski, 214-999-7509

lburzynski@moneygram.com

Permalink: http://www.businesswire.com/news/home/20100512005437/en/MoneyGram-Money-Transfer-Services-6000-Canada-Post

MoneyGram Money Transfer Services Now Available in Over 6,000 Canada Post Locations

MoneyGram Celebrates Expansion with Special Pricing Promotion

MINNEAPOLIS--(BUSINESS WIRE)--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”

“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.

To celebrate the expansion, MoneyGram is offering special pricing on sends from any MoneyGram agent location in Canada to anywhere in the world. Between May 1 and July 31, 2010, the fee for money transfer sends of up to $500 CAD is only $8.00 CAD. Customers can get more information at www.moneygram.ca.

MoneyGram continues to build on its network, introduce its brand to consumers and provide them with a choice for safe, reliable money transfer services. With more than 198,000 valued agent locations in more than 190 countries and territories, MoneyGram is providing more choices, added value and increased convenience to consumers all over the world.

About MoneyGram International

MoneyGram International offers more choices to people separated from family and friends by distance or those with limited bank relationships to meet their financial needs. A leading global payment services company, MoneyGram International helps consumers to pay bills quickly and safely send money around the world with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 190,000 agent locations in 190 countries and territories. MoneyGram's convenient and reliable network includes retailers, international post offices and financial institutions. To learn more about money transfer or bill payment at an agent location or online, please visit www.moneygram.com or find us on Facebook.

About Canada Post

Canada Post delivered close to 11 billion pieces in 2009 to 14.9 million points of call across Canada. With 59,000 employees and more than 6,500 post offices, Canada Post maintains the largest retail and transportation network in the country. In 2009, net income for Canada Post and its affiliates, which include Purolator Courier, SCI Logistics and Innovapost (jointly owned by Canada Post and CGI), was CDN $281 million on revenues of CDN $7.3 billion. Canada Post provides innovative physical and electronic delivery solutions, creating value for our customers, employees and Canadians. Canada Post has been chosen as one of Canada’s Top 100 employers by Mediacorp for the past four years and in 2009 was named “Most Iconic Brand in Canada” by Brand Finance Canada. Web site: http://www.canadapost.ca.

Contacts

MoneyGram International

Lori Burzynski, 214-999-7509

lburzynski@moneygram.com

Permalink: http://www.businesswire.com/news/home/20100512005437/en/MoneyGram-Money-Transfer-Services-6000-Canada-Post

MoneyGram International Adds Croatia to its Global Money Transfer Network

Expansion in Germany and Serbia supports return to Croatia

MINNEAPOLIS--(BUSINESS WIRE)--MoneyGram International (NYSE:MGI), a leading global money transfer company, announced its return to Croatia today as Volksbank added MoneyGram’s services to 28 countrywide locations. MoneyGram’s return to Croatia follows MoneyGram’s alliance with Volksbank in Serbia in 2008 and the opening of 33 MoneyGram-owned retail locations in Germany since 2006.

“In addition to Croatia, we re-entered Hungary earlier this year and we plan to continue the expansion of our services by adding more countries to our network and more locations in the 190 countries and territories where we already operate.”

“MoneyGram is pleased to be back in Croatia with Volksbank, providing the country’s 4.5 million people a new choice and a better value for money transfer services,” said Massimo Canovi, MoneyGram International’s senior regional director for Southern Europe and the Balkans. “Volksbank is a leading financial institution across Southeastern Europe and has been a valued MoneyGram agent in Serbia since 2008. The Volksbank locations are available today to assist Croatians with their money transfer needs.”

Andrea Kovacs-Wöhry, member of Volksbank Croatia's Managing Board, said: "We are very pleased that our partnership with MoneyGram will enable us to provide our customers an affordable, reliable and convenient money transfer services at Volksbank branch offices in all of the major cities throughout Croatia."

Germany is home to more than 200,000 Croatians and more than 10 million migrants that regularly send funds to support family members and build personal savings. Since 2006, MoneyGram has steadily grown its owned money transfer retail locations in Germany to help migrant workers meet their financial needs.

“Our expansion in Germany continues to support our growth in Southeastern Europe and around the world,” Canovi continued. “In addition to Croatia, we re-entered Hungary earlier this year and we plan to continue the expansion of our services by adding more countries to our network and more locations in the 190 countries and territories where we already operate.”

In addition to its 190,000 traditional agent locations composed primarily of financial institutions, post offices and retail businesses, MoneyGram recently began mobile money transfer services.

Canovi concluded, “Our opportunities to meet remittance demands are changing. In 2009, we added our service at ATMs in the Middle East and provided our first transfers direct to mobile phones in the Philippines. If it’s a remittance transaction, we want to touch it, whether online, by phone or at one of our global agent locations. Our return to Croatia opens another market where consumers can experience the value of our services.”

About MoneyGram International

MoneyGram International offers more choices to people separated from family and friends by distance or those with limited bank relationships to meet their financial needs. A leading global payment services company, MoneyGram International helps consumers to pay bills quickly and safely send money around the world with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 190,000 agent locations in 190 countries and territories. MoneyGram's convenient and reliable network includes retailers, international post offices and financial institutions. To learn more about money transfer or bill payment at an agent location or online, please visit www.moneygram.com or find us on Facebook.

MoneyGram International Adds Croatia to its Global Money Transfer Network

Expansion in Germany and Serbia supports return to Croatia

MINNEAPOLIS--(BUSINESS WIRE)--MoneyGram International (NYSE:MGI), a leading global money transfer company, announced its return to Croatia today as Volksbank added MoneyGram’s services to 28 countrywide locations. MoneyGram’s return to Croatia follows MoneyGram’s alliance with Volksbank in Serbia in 2008 and the opening of 33 MoneyGram-owned retail locations in Germany since 2006.

“In addition to Croatia, we re-entered Hungary earlier this year and we plan to continue the expansion of our services by adding more countries to our network and more locations in the 190 countries and territories where we already operate.”

“MoneyGram is pleased to be back in Croatia with Volksbank, providing the country’s 4.5 million people a new choice and a better value for money transfer services,” said Massimo Canovi, MoneyGram International’s senior regional director for Southern Europe and the Balkans. “Volksbank is a leading financial institution across Southeastern Europe and has been a valued MoneyGram agent in Serbia since 2008. The Volksbank locations are available today to assist Croatians with their money transfer needs.”

Andrea Kovacs-Wöhry, member of Volksbank Croatia's Managing Board, said: "We are very pleased that our partnership with MoneyGram will enable us to provide our customers an affordable, reliable and convenient money transfer services at Volksbank branch offices in all of the major cities throughout Croatia."

Germany is home to more than 200,000 Croatians and more than 10 million migrants that regularly send funds to support family members and build personal savings. Since 2006, MoneyGram has steadily grown its owned money transfer retail locations in Germany to help migrant workers meet their financial needs.

“Our expansion in Germany continues to support our growth in Southeastern Europe and around the world,” Canovi continued. “In addition to Croatia, we re-entered Hungary earlier this year and we plan to continue the expansion of our services by adding more countries to our network and more locations in the 190 countries and territories where we already operate.”

In addition to its 190,000 traditional agent locations composed primarily of financial institutions, post offices and retail businesses, MoneyGram recently began mobile money transfer services.

Canovi concluded, “Our opportunities to meet remittance demands are changing. In 2009, we added our service at ATMs in the Middle East and provided our first transfers direct to mobile phones in the Philippines. If it’s a remittance transaction, we want to touch it, whether online, by phone or at one of our global agent locations. Our return to Croatia opens another market where consumers can experience the value of our services.”

About MoneyGram International

MoneyGram International offers more choices to people separated from family and friends by distance or those with limited bank relationships to meet their financial needs. A leading global payment services company, MoneyGram International helps consumers to pay bills quickly and safely send money around the world with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 190,000 agent locations in 190 countries and territories. MoneyGram's convenient and reliable network includes retailers, international post offices and financial institutions. To learn more about money transfer or bill payment at an agent location or online, please visit www.moneygram.com or find us on Facebook.

Fiserv and MoneyGram Partner to Offer More Bills for Same Day Payment at Financial Institutions

Online banking users will be able to make urgent payments to hundreds of billers through a broad combined payment network

BROOKFIELD, Wis.--(BUSINESS WIRE)--NACHA Payments Booth #400 – Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced a partnership with MoneyGram International (NYSE: MGI) that will enable consumers to pay a wide variety of household bills through financial institution websites the same day they are due.

“Other same day payment offerings currently in the market have suffered from low adoption due to a small number of available bills and a lack of integration into the existing online payment process”

Consumers who pay bills at one of the more than 3,100 financial institutions that use the CheckFree^® RXP^® online payment service, which includes 23 of the top 50 financial institutions in the United States, will have access to the integrated same day payment option. Initially, bills from more than 100 well-known national and regional companies will be available for same day payment, with the potential to add more than 1,000 additional bills based on consumer demand. Fiserv will utilize MoneyGram’s direct connections with billing companies to deliver the payments.

The bills that will be available for same day payment represent those most common to U.S. households, including auto, mortgage, credit card, utility and mobile phone bills.

Consumers will be able to select same day delivery as part of the normal payment scheduling process, ensuring an uninterrupted user experience at the financial institution website. The expedited payment option will be integrated seamlessly for the user through a drop down menu, and will only appear if a bill is eligible for same day payment.

“Other same day payment offerings currently in the market have suffered from low adoption due to a small number of available bills and a lack of integration into the existing online payment process,” said Todd Lesher, division president, Electronic Banking Services, Fiserv. “Financial institutions can now address these issues by taking advantage of the combined Fiserv and MoneyGram networks to offer a substantial number of bills through a same day payment option that is built into the online payment flow. Offering expedited payments for multiple bills at one website is another way financial institutions can enhance convenience and maintain their position at the center of consumers’ financial lives.”

“Our partnership with Fiserv will enable consumers who pay bills through financial institutions to now also make same day urgent bill payments to the many billers in our extensive network through Fiserv’s leading online bill payment service,” said Dan O’Malley, MoneyGram EVP, Americas. “This partnership is a great complement to the other payment choices MoneyGram already provides to consumers at our more than 40,000 agent locations in the U.S.”

The same-day expedited bill payment option is expected to be available to the more than 3,100 financial institutions that use the CheckFree RXP online bill payment service in the second half of 2010.

About MoneyGram International

MoneyGram International offers 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 with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 190,000 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 or follow us on Facebook.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry, Fiserv celebrated its 25^th year in 2009. For more information, visit www.fiserv.com.

Fiserv and MoneyGram Partner to Offer More Bills for Same Day Payment at Financial Institutions

Online banking users will be able to make urgent payments to hundreds of billers through a broad combined payment network

BROOKFIELD, Wis.--(BUSINESS WIRE)--NACHA Payments Booth #400 – Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced a partnership with MoneyGram International (NYSE: MGI) that will enable consumers to pay a wide variety of household bills through financial institution websites the same day they are due.

“Other same day payment offerings currently in the market have suffered from low adoption due to a small number of available bills and a lack of integration into the existing online payment process”

Consumers who pay bills at one of the more than 3,100 financial institutions that use the CheckFree^® RXP^® online payment service, which includes 23 of the top 50 financial institutions in the United States, will have access to the integrated same day payment option. Initially, bills from more than 100 well-known national and regional companies will be available for same day payment, with the potential to add more than 1,000 additional bills based on consumer demand. Fiserv will utilize MoneyGram’s direct connections with billing companies to deliver the payments.

The bills that will be available for same day payment represent those most common to U.S. households, including auto, mortgage, credit card, utility and mobile phone bills.

Consumers will be able to select same day delivery as part of the normal payment scheduling process, ensuring an uninterrupted user experience at the financial institution website. The expedited payment option will be integrated seamlessly for the user through a drop down menu, and will only appear if a bill is eligible for same day payment.

“Other same day payment offerings currently in the market have suffered from low adoption due to a small number of available bills and a lack of integration into the existing online payment process,” said Todd Lesher, division president, Electronic Banking Services, Fiserv. “Financial institutions can now address these issues by taking advantage of the combined Fiserv and MoneyGram networks to offer a substantial number of bills through a same day payment option that is built into the online payment flow. Offering expedited payments for multiple bills at one website is another way financial institutions can enhance convenience and maintain their position at the center of consumers’ financial lives.”

“Our partnership with Fiserv will enable consumers who pay bills through financial institutions to now also make same day urgent bill payments to the many billers in our extensive network through Fiserv’s leading online bill payment service,” said Dan O’Malley, MoneyGram EVP, Americas. “This partnership is a great complement to the other payment choices MoneyGram already provides to consumers at our more than 40,000 agent locations in the U.S.”

The same-day expedited bill payment option is expected to be available to the more than 3,100 financial institutions that use the CheckFree RXP online bill payment service in the second half of 2010.

About MoneyGram International

MoneyGram International offers 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 with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 190,000 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 or follow us on Facebook.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry, Fiserv celebrated its 25^th year in 2009. For more information, visit www.fiserv.com.

MoneyGram International Adds 160 Bank Asya Locations in Turkey

MINNEAPOLIS--(BUSINESS WIRE)--MoneyGram International (NYSE:MGI), a leading global money transfer company, announced today that it has added Bank Asya, a leading financial institution in Turkey, to its growing agent network to provide MoneyGram money transfer services at 160 branch locations in Turkey.

“We are committed to this region and we will continue to establish more locations and pursue new technology avenues for remittances such as transfers to mobile phones, prepaid cards or ATMs.”

“We are delighted to expand our network in Turkey with Bank Asya and find creative solutions for bringing the ease and convenience of money transfer to more people around the world,” said John Hempsey, MoneyGram’s executive vice president for Europe, the Middle East, Africa and Asia Pacific. “We are committed to this region and we will continue to establish more locations and pursue new technology avenues for remittances such as transfers to mobile phones, prepaid cards or ATMs.”

Hasan Unal, executive vice president for Retail Banking at Bank Asya, said, “We are introducing MoneyGram’s money transfer services across our network in Turkey and we’ve set high standards for our service and will work to distinguish our branches as preferred MoneyGram agent locations.”

In addition to serving Bank Asya’s approximately 3 million account holders, MoneyGram’s money transfer service will also be available to customers without accounts. Customers can walk into any of Bank Asya’s 160 branch locations to send and receive international money transfers to or from MoneyGram’s 190,000 agent locations in 190 countries and territories around the world.

In 2008, an estimated $1.3 billion was remitted to Turkey, according to the World Bank. Funds to Turkey arrive primarily from European countries including Germany, France, the Netherlands and Austria, as well as from the United States. MoneyGram money transfers in Turkey can be collected in euros or U.S. dollars.

“Bank Asya is an excellent addition to our agent network in Turkey,” Hempsey said. “The bank’s experience with advanced technology and focus on superior customer service aligns with MoneyGram’s vision to provide more choices to consumers to reliably and conveniently send and receive remittances.”

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 with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 190,000 agent locations in more than 190 countries and territories. MoneyGram’s convenient and reliable network includes retailers, international post offices and financial institutions.

Contacts

MoneyGram International

Jody Hinkle, 952-591-3839

jhinkle@moneygram.com

Permalink: http://www.businesswire.com/news/home/20100330006629/en/MoneyGram-International-Adds-160-Bank-Asya-Locations

MoneyGram International Adds 160 Bank Asya Locations in Turkey

MINNEAPOLIS--(BUSINESS WIRE)--MoneyGram International (NYSE:MGI), a leading global money transfer company, announced today that it has added Bank Asya, a leading financial institution in Turkey, to its growing agent network to provide MoneyGram money transfer services at 160 branch locations in Turkey.

“We are committed to this region and we will continue to establish more locations and pursue new technology avenues for remittances such as transfers to mobile phones, prepaid cards or ATMs.”

“We are delighted to expand our network in Turkey with Bank Asya and find creative solutions for bringing the ease and convenience of money transfer to more people around the world,” said John Hempsey, MoneyGram’s executive vice president for Europe, the Middle East, Africa and Asia Pacific. “We are committed to this region and we will continue to establish more locations and pursue new technology avenues for remittances such as transfers to mobile phones, prepaid cards or ATMs.”

Hasan Unal, executive vice president for Retail Banking at Bank Asya, said, “We are introducing MoneyGram’s money transfer services across our network in Turkey and we’ve set high standards for our service and will work to distinguish our branches as preferred MoneyGram agent locations.”

In addition to serving Bank Asya’s approximately 3 million account holders, MoneyGram’s money transfer service will also be available to customers without accounts. Customers can walk into any of Bank Asya’s 160 branch locations to send and receive international money transfers to or from MoneyGram’s 190,000 agent locations in 190 countries and territories around the world.

In 2008, an estimated $1.3 billion was remitted to Turkey, according to the World Bank. Funds to Turkey arrive primarily from European countries including Germany, France, the Netherlands and Austria, as well as from the United States. MoneyGram money transfers in Turkey can be collected in euros or U.S. dollars.

“Bank Asya is an excellent addition to our agent network in Turkey,” Hempsey said. “The bank’s experience with advanced technology and focus on superior customer service aligns with MoneyGram’s vision to provide more choices to consumers to reliably and conveniently send and receive remittances.”

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 with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 190,000 agent locations in more than 190 countries and territories. MoneyGram’s convenient and reliable network includes retailers, international post offices and financial institutions.

Contacts

MoneyGram International

Jody Hinkle, 952-591-3839

jhinkle@moneygram.com

Permalink: http://www.businesswire.com/news/home/20100330006629/en/MoneyGram-International-Adds-160-Bank-Asya-Locations

MoneyGram International Appoints SVP, Chief Marketing Officer

Juan Agualimpia to Direct Company’s Global Marketing Strategy

MINNEAPOLIS--(BUSINESS WIRE)--MoneyGram International (NYSE:MGI), a global leader in the payment services industry, today announced the addition of Juan Agualimpia as senior vice president and chief marketing officer, reporting to Pamela H. Patsley, MoneyGram chairman and CEO. As chief marketing officer, Agualimpia will oversee MoneyGram’s global branding and marketing strategy.



“Juan is an established veteran in the marketing arena and his experience in large, consumer-centric, international organizations will make him a valuable asset to MoneyGram’s leadership team,” said Patsley. “Juan brings an extensive background in global brand positioning, and marketing strategy and I look forward to leveraging his talents and expertise to help MoneyGram accelerate growth and increase market share.”



Said Agualimpia: “MoneyGram is a company with tremendous potential. I am very excited to work with the leadership and marketing teams to take our brand and consumer experience to the next levels. We are focused on delivering significant growth across channels, countries, communities and categories.”



Agualimpia brings to MoneyGram nearly 20 years of leadership experience in marketing, brand management, customer relationship management and product development. He joins MoneyGram after five years with Newell Rubbermaid, where he most recently served as vice president and general manager for the Art & Coloring Global Business Unit.



Prior to that, Agualimpia served in senior-level marketing and management positions for global brand leaders such as Reckitt Benckiser, Abbott Laboratories, The Clorox Company and Warner-Lambert.



Agualimpia holds an MBA in marketing and finance from F.W. Olin Graduate School of Business at Babson College and a BS in business administration from Universidad ICESI in Cali, Colombia.  

About MoneyGram International

MoneyGram International offers more control and more choices to people separated from family and friends by distance or those with limited bank relationships to meet their financial needs. A leading global money transfer company, MoneyGram International helps consumers send money around the world with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 190,000 agent locations in 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 or find us on Facebook.

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