BAGHDAD, Aug. 13, 2015 /PRNewswire/ -- MoneyGram
(NASDAQ:MGI), a global provider of innovative money transfer and
payment services, announces today that it is expanding its global
network to Iraq to provide its
money transfer services to customers through an agreement with Al
Noor.
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MoneyGram customers will now be able to send and receive funds
at Al Noor locations in Baghdad,
Basrah and Najaf.
"The remittance industry in Iraq is growing and MoneyGram's presence in
the country is growing with it to provide more choices for
customers who need to send or receive money to and from loved ones
around the world," says Maher
Haddad, MoneyGram's senior regional director. "Adding Iraq,
one of the most under-banked countries in the Middle East, to our global network aligns with
our strategy to deliver access to financial services to unbanked
and under-banked consumers."
According to the World Bank, more than $270 billion flowed into Iraq in 2014, of which most of the remittances
were sent from the United States,
Syria and Jordan.
About MoneyGram International
MoneyGram is a global provider of innovative money transfer and
payment services and is recognized worldwide as a financial
connection to friends and family. Whether online, or through a
mobile device, at a kiosk or in a local store, we connect consumers
any way that is convenient for them. We also provide bill payment
services, issue money orders and process official checks in select
markets. More information about MoneyGram International, Inc. is
available at moneygram.com.