MoneyGram Adds TML to Growing Agent Network
KUALA LUMPUR, Malaysia--(BUSINESS WIRE)-- MoneyGram (NAS: MGI) , a leading global money transfer company, announced today that it has reached an agreement with TML, one of the fastest growing remittance companies in Malaysia, to offer international money transfer services at TML locations throughout the country.
Through the new agreement, TML increases MoneyGram's international money transfer footprint in Malaysia while providing customers more money transfer options.
According to the World Bank, an estimated $7 billion in remittances flowed out of Malaysia in 2011. To meet the growing demands for a reliable money transfer service, MoneyGram has recently experienced growth in the region, with money transfer locations that now cover the eastern and western sides of the country.
"Adding TML to our network in Malaysia is an important step for us as we provide more access to affordable money transfer services to those who rely on remittances for their daily needs," said Grant Lines, senior vice president, APAC, Southeast Asia and Middle East, MoneyGram. "Customers in all the provinces where MoneyGram services are available appreciate our ability to bring people closer together through a reliable and convenient customer service."
Commenting on the new alliance, Mr. Albert Lim Poh Boon, managing director of TML, said, "MoneyGram is the right choice for TML. Now, we can offer our customers a money transfer service that is fast and reliable. Working with MoneyGram demonstrates our commitment to giving our valued customers the important services they need to send funds to their loved ones around the world."
To send or receive money in Malaysia, customers can walk into any MoneyGram agent location, complete a simple form and show a photo identification to transfer funds. The funds will be ready to collect in as little as 10 minutes, subject to agent availability and hours of operation.
About MoneyGram International
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.
Mike Gutierrez, 214-303-9923
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