MoneyGram And Bank Of South Pacific Sign Deal

(RTTNews) - MoneyGram (MGI), a provider of innovative money transfer and payment services announced that it has reached an agreement with Bank of South Pacific that will enable customers in Samoa and Tonga to receive cross-border remittances.

According to the World Bank, more than US$200 million is sent to Samoa and Tonga annually, most of which comes from Australia, New Zealand and the United States.

The new agreement with Bank of South Pacific was completed after the bank purchased the banking operations of Westpac Banking Corporation in several Pacific markets.