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6 www.hello-philippines.com BUSINESS & FINANCE March 2016 – No. 05 • UK & Europe Edition
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The companies have conducted 20 million money transfer transactions together
LONDON (Mar. 1, 2016) — importantly to our customers,” said relationship with MoneyGram, we celebrate our 20-millionth transaction About Post Office. The Post
MoneyGram (NASDAQ: MGI) and Post Patsley. “We are excited to continue have made sending or receiving money together.” Office (Post Office Limited) has an
Office Limited celebrated a milestone in working closely with the Post Office around the world easier and, with unrivalled national network of over
their successful long-standing business to provide customers with simple and the introduction of new services, this According to the World Bank, the UK 11,500 branches across the UK,
alliance by marking their 20-year convenient access to financial services will get even easier,” said Vennells, is home to nearly 8 million immigrants. more than all the high street banks
relationship and their 20-millionth they depend on and trust.” chief executive of Post Office. With The biggest diaspora groups moved combined, and sits at the heart of
money transfer transaction today at a our 11,500 branches, Post Office is to the country from India, Poland, communities in Northern Ireland,
ceremony at London’s British Museum. The Post Office, which serves the largest UK retail network with Pakistan and the Republic of Ireland. Scotland, Wales and England. The
Pam Patsley, MoneyGram’s executive over 17 million people a week, has extensive operating hours and over The World Bank data reveals that in Post Office has made a commitment
chairman, joined Paula Vennells, chief been a MoneyGram agent since 3,000 branches open seven days a week 2014, an estimated $2.5 billion USD to maintaining its network of
executive officer for the Post Office, to 1996, providing MoneyGram money making it convenient for MoneyGram was sent from the UK and $1.8 billion branches at its current size and reach.
host the day’s events. transfer services in more than 11,500 customers to access a wide range of USD flowed into the country. It provides around 170 different
branch locations across the UK. It is services at a time that suits them. We products and services spanning
As part of the celebration, MoneyGram’s largest agent network in are delighted to be part of the new #moneygramnews financial services including savings,
MoneyGram and the Post Office also Western Europe. service launch on the same day as we *Source: ONS: UK Foreign-born insurance, loans, mortgages and
introduced a new “MoneyGram Plus” Population Estimates, 2004 and 2014 credit cards; Government services;
card program to enhance the customer “Through our successful 20-year **Source: The World Bank, Bilateral telephony; foreign currency; travel
experience, saving time and making Corridor Estimates, Oct 2015 insurance and mail services.
transactions even more convenient. About MoneyGram International,
“MoneyGram Plus” allows both the Inc. MoneyGram is a global provider of The Post Office serves over 17
sender and receiver information to innovative money transfer and payment million customers a week and a third
be stored in the MoneyGram system, services and is recognized worldwide of small businesses. Some 99.7% of
thereby simplifying the process for as a financial connection to friends and the total population live within three
repeat transactions. family. Whether online, or through a miles of a post office and over 97% live
mobile device, at a kiosk or in a local with one mile of a post office. For many
“This is a significant milestone and store, we connect customers any way rural communities, the post office
a very proud moment for all of us at that is convenient for them. We also is the only retail outlet. Post Offices
MoneyGram. The 20-year business provide bill payment services, issue branches remain highly valued and
relationship we are celebrating today is money orders and process official checks trusted, and are the focal point of many
a testament to the strength of a shared in select markets. More information communities. For more information,
commitment MoneyGram and the Post about MoneyGram International, Inc. is visit www.postoffice.co.uk. n
Office have to each other and most available at moneygram.com.
