MoneyGram Adds CorreosChile to Network

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MoneyGram Adds CorreosChile to Network

CorreosChile reaches 100 percent of Chilean territory, joins MoneyGram's global postal network

SANTIAGO DE CHILE, Chile--(BUSINESS WIRE)-- MoneyGram (NAS: MGI) , a leading global money transfer company, today announced it signed an agreement with CorreosChile, Chile's postal system, to offer international money transfer services at more than 200 CorreosChile branches located across the country. The agreement brings to 30 the number of postal systems globally through which MoneyGram offers its money transfer services.


"We are very pleased that CorreosChile made the decision to move to MoneyGram after working with a competitor for many years," said Pedro Saro Campos, vice president of Latin America for MoneyGram. "Our agreement with CorreosChile demonstrates that we understand our agent's business and unique needs and can provide them with the best products and services for their customers and postal locations throughout Chile."

According to Pablo Montano, general manager, CorreosChile, the combination of MoneyGram's robust global network and the even distribution of CorreosChile locations throughout the country will make sending and receiving money convenient for Chileans.

"It is very important to our customers living in urban or rural locations in Chile to be able to easily send and receive money around the world," said Montano. "Establishing a relationship with MoneyGram will bring Chileans peace of mind to know MoneyGram's fast and reliable money transfer service and global network is available through CorreosChile."

MoneyGram offers the convenience of sending money to any of its more than 321,000 agent locations across the globe, and the ability to receive money often in as quickly as 10 minutes, subject to local hours of operation and regulations.

MoneyGram's growth strategy includes aligning with post offices, providing consumers with convenient access to reliable and affordable money transfer services close to where they live and work. Currently, MoneyGram has postal relationships globally in countries such as Canada, Jamaica, India, Italy, Morocco, Poland, Ukraine, and the United Kingdom.

About MoneyGram

MoneyGram, a leading global money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 321,000 agent locations—including retailers, international post offices and financial institutions—in 198 countries and territories around the world. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.



MoneyGram
Mike Gutierrez, +1-214-303-9923
media@moneygram.com

KEYWORDS:   United States  North America  South America  Chile  Texas

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