MoneyGram, Neal & Massy Open Money Transfer Center in Trinidad

  MoneyGram, Neal & Massy Open Money Transfer Center in Trinidad

   Financial center in Caribbean offers consumers access to money transfer
                                   services

Business Wire

DALLAS -- April 08, 2013

MoneyGram (NYSE: MGI), a leading global money transfer company, and The Neal &
Massy Group, a conglomerate operating in the Caribbean, announced at a press
conference today the opening of their first stand-alone money transfer center
in the Caribbean, located in Port of Spain, Trinidad and Tobago. MoneyGram and
Neal & Massy executives gathered to commemorate the new money transfer center
located at Uptown Mall, 44-48 Edward Street, Port of Spain.

The new money transfer center will employ a dedicated staff to offer
MoneyGram’s money transfer services and Neal & Massy’s Sure Pay bill payment
service. Both product offerings will provide consumers with an additional,
convenient location to send and receive cash locally and internationally.
Hours for the new location are 8 a.m. to 4 p.m. from Monday through Friday.

“MoneyGram’s relationship with Neal & Massy goes back nearly 15 years, so
we’re incredibly proud to join with them to launch the new money transfer
center in this important Caribbean market,” said Pedro Saro Campos, vice
president of Latin America, Mexico, MoneyGram. “Just as MoneyGram brings
families closer through money transfer services, ventures such as money
transfer center location bring us closer to our key agents.”

Curtis Tobal, chairman, Consumer Finance Business Unit of Neal & Massy, said
the new venture represents Neal & Massy’s commitment to working with MoneyGram
to grow business for the two companies, and its belief in the MoneyGram brand
and value proposition. Neil & Massy will be applying best practices from the
company’s other businesses to the operation of the new money transfer center,
including the development of cross-promotions with the company’s grocery
stores, offering incentives to customers to visit the money transfer center.

“Our company’s investment of human and financial capital in this
first-of-its-kind concept in the Caribbean reinforces our strong belief in the
importance of the remittance industry to the economy in this region,” said
Tobal. “The MoneyGram brand has been an integral part of our business, and now
with almost 30 locations, we’re bringing even greater convenience and an
improved in-store experience to our customers.”

About MoneyGram International

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 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.

Contact:

MoneyGram International
Mike Gutierrez / Sophia Stoller, 214-303-9923
media@moneygram.com
or
The Neal & Massy Group
Candace Ali, 868-687-3054
cali@neal-and-massy.com
 
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