MoneyGram (MGI) Adds More Than 1,100 New Agent Locations to Its Network - CRWENewswire Stock Watch

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MoneyGram International Incorporated - Symbol MGI - reported it has added three new agents to its network in South America: Bancolombia in Colombia; Banco de Credito in Peru, and Banco Vision in Paraguay. These leading financial institutions add 1,103 new agent locations to the company's network -- and thereby significantly expand MoneyGram's foothold in South America to 11,305 locations.

According to the World Bank, in 2010, Colombia received an estimated $3.9 billion in remittances; nearly $2.5 million in remittances were received into Peru and Paraguay took in an estimated $537 million in remittances last year.

MoneyGram International, 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 money transfer services worldwide through a global network of more than 233,000 agent locations—including retailers, international post offices and financial institutions—in more than 191 countries and territories.

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News & Politics

Tags:

• Moneygram International
• MoneyGram
• MGI
• NYSE:MGI
• Bancolombia
• Banco de Credito in Peru
• Banco Vision
• South America