CORRECTING and REPLACING MoneyGram Renews Agreement with India Post

  CORRECTING and REPLACING MoneyGram Renews Agreement with India Post

CORRECTION...by MoneyGram

Business Wire

NEW DELHI -- April 10, 2013

Please replace the release with the following corrected version due to
multiple revisions.

The corrected release reads:

                  MONEYGRAM RENEWS AGREEMENT WITH INDIA POST

MoneyGram (NYSE:MGI), a leading global money transfer company, today announced
it successfully renewed its agreement with India Post, the largest postal
network in the world. MoneyGram launched the service with India Post in
September 2011 at 100 India Post locations. Since then, that number has grown
to include 2,500 India Post locations offering MoneyGram’s money transfer
service, with plans to further expand following the renewal.

According to Pamela H. Patsley, MoneyGram chairman and chief executive
officer, extensions and renewals are as important as new signings to the base
business. “Retaining and extending existing agent relationships are directly
related to our continued success, our customer focus and our revenue building
initiatives,” said Patsley. “MoneyGram is focused on accelerating growth in
the region through offering consumers and agents innovative solutions and
greater convenience.”

MoneyGram‘s growth strategy includes aligning with post offices, providing
consumers with convenient access to reliable and affordable money transfer
service close to where they live and work. Currently, MoneyGram has nearly 30
postal relationships globally in countries such as the United Kingdom, Canada
and Italy with plans to expand further in the coming years.

About MoneyGram

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.

Contact:

MoneyGram
Sophia Stoller / Mike Gutierrez, 214-303-9923
media@moneygram.com
 
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