MoneyGram to expand money transfer services to more Canada Post locations

MoneyGram International has announced that it will bring its money transfer service to thousands of additional Canada Post locations by the end of 2009, expanding the company’s agent network across Canada. MoneyGram said that the announcement follows the successful rollout of 2,000 additional Canada Post locations currently offering MoneyGram money transfer service.

MoneyGram added that its continued expansion with Canada Post is the result of the implementation of the company’s point-of-sale system throughout Canada Post’s network.

Dan O’Malley, senior vice president and president of the Americas for MoneyGram International, said: “Through Canada Post’s expansive national network, we are delivering affordable, reliable and convenient money transfer services to more people across Canada. MoneyGram’s integration into Canada Post’s full network will bring our money transfer service to within two and a half kilometer of nearly 90% of all urban Canadians.”

John Reis, director of retail for Canada Post, said: “We are pleased to continue expanding this important relationship with MoneyGram as we automate all of our post offices with MoneyGram’s enhanced point-of-sale system. MoneyGram’s money transfer service complements our financial service offerings and drives new revenue and new customers into our locations every day.”