MoneyGram International announced that it has signed a multi-year contract extension with the United Kingdom’s Post Office.  The Post Office, which has been a MoneyGram agent since 1997, offers MoneyGram money transfer services in every one of its 12,000 branches throughout the UK. It has the largest retail network in Western Europe, and over 93 percent of the UK population lives within one mile of a Post Office.

The partnership with the United Kingdom’s Post Office is MoneyGram’s longest-standing post office agent relationship. As part of its growth strategy, MoneyGram strategically aligns itself with post offices, providing consumers with convenient access to reliable and affordable money transfer services close to where they live and work. Other post office systems in MoneyGram’s network include Canada, Cape Verde, Cyprus, Guernsey, Isle of Man, Italy, Jamaica, Jersey, Kazakhstan, Kenya, Moldova, Poland, and Ukraine.

According to the World Bank, over $4.6b was sent from the UK in 2009.  Countries which receive from the UK are the Caribbean, Africa, the Indian Subcontinent and Eastern Europe in particular.

In total, MoneyGram has over 13,000 locations throughout the UK.  Additional agent partners include Cheque Exchange, Going Places, Money Transfer International and Thomas Cook.

Source: MoneyGram International

Tags: Financial Services, Money transfer, MoneyGram International, UK Post Office