MoneyGram Extends Relationship With UK Post Office

(RTTNews) - MoneyGram (MGI), a global money transfer and payment services company, said that it has extended its exclusive relationship with Post Office Limited in the UK.

The company stated that the agreement allows customers to send and receive funds at over 11,500 Post Offices across the UK. The Post Office, which serves almost 18 million people a week, has been a MoneyGram agent since 1997.

According to the World Bank, the UK is a major source of remittances with an outward money transfer market worth of $3.8 billion (2.27 billion pounds).

MoneyGram has aligned with over 30 post offices around the world to provide consumers with convenient access to reliable and affordable money transfer services close to where they live and work.