Company poised for growth following significant network and channel
DALLAS -- (Business Wire)
(NYSE:MGI), a leading global money transfer company now has a global
network of more than 310,000 agent locations, following a year of
significant network and channel growth.
MoneyGram recently reported money transfer fee and other revenue
constant currency growth of 13 percent and transaction growth of 14
percent for the fourth quarter and full year 2012. This strong growth
over the last several years has been fueled by a growing agent network.
During the past 30 months, MoneyGram has added 100,000 agent locations
Since 2007, MoneyGram has more than doubled its network
In 2012, MoneyGram added more than 43,000 agent locations
In 2012, MoneyGram crossed the 20,000 location milestone in Africa
In 2012, MoneyGram post office agent relationships grew to nearly 30
In 2012, MoneyGram network in the U.S. grew to approximately 50,000
Commenting on MoneyGram’s growth, Pamela H. Patsley, chairman and chief
executive officer of MoneyGram, said, “We operate in a $500 billion --
and growing-- industry, and have consistently outpaced the industry
growth to capture market share through a well-defined strategy. This is
an important milestone, but we are not stopping here. MoneyGram’s
momentum is reinforced by our strong foundation and having the right
talent in place to ensure MoneyGram is the preferred provider for the
services we offer consumers.”
MoneyGram’s success is partly attributed to adding premiere agents to
its global network, including two of the world’s top three retailers,
and securing key partnerships in the growing alternative channel space.
In 2012, MoneyGram renewed its contract with Walmart, launched mobile
money transfer service in Qatar, and announced its global agreement with
PayPal that will enable consumers to easily access money in their
digital wallets in the physical world.
“Innovation is a priority for us and a driving force in attracting new
agents to MoneyGram,” said Patsley. “Agents are coming to MoneyGram for
our products and the level of personal service and support they receive
from our entire organization. This strength distinguishes MoneyGram as a
leader in the global financial services industry.”
MoneyGram’s growth strategy also includes aligning with post offices to
provide consumers with convenient access to reliable and affordable
money transfer services close to where they live and work. In 2012, it
added some of the world’s major post office organizations, including
post offices in Bulgaria, India, and Iceland. Other postal systems that
offer MoneyGram services include Canada, Italy, Jamaica, Kazakhstan,
Kenya, Moldova, Poland, U.K. and Ukraine.
MoneyGram, a leading money transfer company, enables consumers who are
not fully served by traditional financial institutions to meet their
financial needs. MoneyGram offers bill payment services in the United
States and Canada and money transfer services worldwide through a global
network of more than 310,000 agent locations – including retailers,
international post offices and financial institutions – in 197 countries
and territories. 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.
Sophia Stoller / Mike Gutierrez, +1-214-303-9923
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