DALLAS, Aug. 27, 2015 /PRNewswire/ -- MoneyGram
(NASDAQ: MGI), a global provider of innovative money transfer and
payment services, announces the launch of a new account deposit
product that allows customers to send money directly to all Banco
de Occidente accounts in
Honduras.
"Banco de Occidente is one of
the largest and most trusted banks in Honduras," says Pedro
Saro, MoneyGram's vice president Mexico, Latin
America, Caribbean.
"Today we are pleased to add account deposit to the list of
services we offer and provide with Banco de Occidente, adding another quick and convenient
choice for our customers when they need to receive
money."
"Banco de Occidente and
MoneyGram have worked together to ensure customers in Honduras receive money between friends and
family," says Manuel Venancio Bueso,
sub general manager of Banco de Occidente. "The new deposit to account service
gives our customers a more convenient choice to access their
funds."
Once the money is sent to an account, the funds are typically
available to customers in minutes subject to the bank's operating
hours.
According to the World Bank, about $3.3
billion in remittances flowed into Honduras last year, the majority of which was
sent from the United States.
About MoneyGram International, Inc.
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.
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SOURCE MoneyGram