Award-winning online platform now available in five new
countries
DALLAS, July 18, 2018 /PRNewswire/ -- MoneyGram
(NASDAQ: MGI) is extending its global digital footprint with the
launch of its award-winning online platform in five new countries.
Customers in Australia,
the Netherlands, Belgium, Portugal and Austria can now send money 24/7 directly to
more than two billion bank accounts and mobile wallets or to any
MoneyGram location in more than 200 countries and territories.
According to World Bank's Findex report, digital payments are on
the rise. Between 2014 and 2017 the share of adults around the
world making or receiving digital payments increased by 11 percent,
to reach 52 percent.
"Innovative technology is changing the way we meet our
customer's financial needs. In 2018 and beyond MoneyGram will
continue to accelerate our digital expansion around the globe. We
want to give MoneyGram customers more choice when they use money
transfer services and to ensure we are well positioned to compete
in today's fast-paced world," said Alex
Holmes, MoneyGram's chairman and chief executive
officer.
MoneyGram's investment into new digital platforms is delivering
tangible results. In the first quarter of 2018, digital revenue
represented 16 percent of total money transfer revenue. At the same
time, Moneygram.com revenue grew 21 percent primarily from new
customer acquisitions following the successful launch in
Spain and France.
MoneyGram online offers features such as the ability to find a
convenient location, check the status of transactions, and estimate
online and offline transfer fees. The platform is now available to
customers in the U.S., the UK, Germany, France, Spain, Australia, the
Netherlands, Belgium,
Portugal and Austria.
#moneygramnews
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.
Media Contact U.S.
Michelle Buckalew
214-979-1418
Mbuckalew@moneygram.com
Media Contact Europe
Maria Bankiet-Kamińska
MoneyGram
Tel: + 48 (0) 22 377 2185
Mob: + 48 (0) 885 889 696
Mail: MbankietKaminska@moneygram.com
Forward-Looking Statements
This press release contains forward‐looking statements, which
may include projections of future results of operations, financial
condition or business prospects. Actual results of operations,
financial condition or business prospects may differ from those
expressed or implied in these forward‐looking statements for a
variety of reasons, including but not limited to market demand,
global economic conditions, adverse industry conditions, legal
proceedings, the ability to effectively identify and enter into new
markets, governmental regulation, the ability to retain management
and other personnel, and other economic, business or competitive
factors. Additional information concerning factors that could cause
results to differ materially from those in the forward-looking
statements is contained from time to time
in MoneyGram's SEC filings. The forward‐looking
statements in this release reflect the current belief
of MoneyGram as of the date of this
release. MoneyGram undertakes no obligation to update
these forward‐looking statements for events or circumstances that
occur subsequent to such date.
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