MoneyGram Continues Expansion in United Kingdom

Agreements with Dawson & Sanderson and ChangeGroup give consumers more choices for fast and secure money transfers

LONDON, United Kingdom (March 26, 2015) (GLOBE NEWSWIRE) -- MoneyGram (NASDAQ: MGI), a leading global money transfer company, announces the signing of two new agreements that will strengthen the company's presence in a key remittance market and give customers in the United Kingdom more convenient choices for transferring funds.

The first agreement with travel and currency exchange company Dawson & Sanderson Ltd. expands MoneyGram's transfer service to more than 20 of the company's branches in Northern England. Another agreement with the currency exchange company ChangeGroup extends their current relationship in other European markets by launching locations in the United Kingdom.

"MoneyGram is demonstrating exceptional growth in the United Kingdom in a fast-paced and continually changing environment," says Marc Matthews, MoneyGram's senior regional director for the United Kingdom and the Republic of Ireland. "We are constantly working to enhance MoneyGram's services for our customers. With these highly-respected companies, we will be expanding to nearly 40 additional locations that are easily accessible and have longer service hours, giving our customers more options for using our service."

"Dawson & Sanderson Foreign Exchange is pleased to work with MoneyGram to offer a global money transfer service to our customers," says Ian Clough, director of foreign exchange at Dawson & Sanderson Ltd. "This service enables customers to send money quickly and conveniently to more than 200 countries and complements our full suite of foreign exchange services offered via our Bureau de Change network."

"ChangeGroup is thrilled to extend our relationship with MoneyGram by expanding in the United Kingdom," says Paul Crombie, ChangeGroup general manager for Western Europe. "We feel this added service is essential to our core business and look forward to growing together with MoneyGram."

MoneyGram has a track record of success in the United Kingdom. Last year the company announced the renewal of an agreement with the Post Office Limited as well as new agreements and service rollouts with Tesco and Debenhams.

About MoneyGram International, Inc.

MoneyGram, a leading money transfer company, provides essential services to consumers who are not fully served by traditional financial institutions. MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 350,000 agent locations, including retailers, international post offices and banks. MoneyGram also offers bill payment services, issues money orders and processes official checks in select markets.

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