MoneyGram Launches Money Transfer Service in Liechtenstein
Long-time agent Valora brings MoneyGram country count to 198
LIECHTENSTEIN -- April 25, 2013
MoneyGram (NYSE: MGI), a leading global money transfer company, announced
today that its international money transfer service is now available in
Liechtenstein, expanding MoneyGram’s country network to 198. MoneyGram’s
service is provided through Valora, a long-time MoneyGram agent based in
MoneyGram’s initial service in Liechtenstein allows consumers to send money to
friends and family from its Valora location in Schaan. Additional locations
and service options, including the ability to receive remittances
internationally, are planned for later in 2013.
Valora is a market leader in small outlet convenience retail shops through a
network of kiosks and railway-station bookstores. The company has been a
MoneyGram agent since 2010 in Switzerland.
“Our strong relationship with Valora, Switzerland’s largest kiosk operator,
will provide Liechtenstein’s 36,000 residents with a new choice and a better
value for sending money around the globe,” said Michael Schuetze, regional
director, MoneyGram. “Together, we will leverage Valora’s retail division,
kiosk network, and other small retail outlets that are in highly trafficked
areas to expand our MoneyGram services in Liechtenstein.”
The country expansion continues the growth momentum for MoneyGram, which
reported an 18% transaction growth in remittance sends originating outside of
the United States both for the fourth quarter and full year of 2012.
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 198 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.
Mike Gutierrez / Sophia Stoller, 214-999-7606
Press spacebar to pause and continue. Press esc to stop.