Tag: MoneyGram

Anyone still looking for a last minute Christmas gift may be set to join half of people (50 per cent)* across Britain in giving cash as a Christmas gift this year.

For the over 55s it’s a particularly popular choice with almost two thirds (64 per cent)* of the over 55’s opting to send cash gifts to people, including their children and grandchildren at Christmas.

For 35 to 44 year olds there’s a role reversal with one in ten (11 per cent) giving cash to their parents during the festive season.

For people who have left it until the last minute to send their cash in time for Christmas Day, MoneyGram® from the Post Office® offers a quick and easy solution to their cash gifting dilemmas.

In just ten minutes**, cash can travel from any Post Office® branch to and from outlets nationwide. And with 125,000 locations in approximately 170 countries and territories worldwide, whether your money is travelling to Southampton or South Africa, it’s never been easier to use the Post Office® and MoneyGram® service.

The Post Office® and MoneyGram now offer by far the largest international money transfer network in the UK and have a fully computerised service making it even faster to send and receive cash too.

Cash gifts to destinations across the globe are set to prove popular this year according to research from Post Office® and MoneyGram.

An estimated GBP 2.3 billion is sent overseas from the UK through international money transfer services each year, and Post Office® and MoneyGram research forecasts a 30 per cent increase in cash gifting in the run up to the 2007 Christmas period.

Cash gifts from the UK are relied upon by people in both developed and developing countries, not only to help celebrate the festive season but also for day-to-day living expenses. In many cases money is sent to friends and family overseas to cover essentials such as food, education and medical fees.

Top destinations for international money transfers over the 2007 Christmas period are set to be:

• Africa including South Africa, Nigeria, Ghana, Uganda and Kenya
• Caribbean countries such as Jamaica
• Central and Latin America including Brazil and Columbia
• Eastern Europe in particular Poland, Romania and Bulgaria
• New Zealand and Australia

MoneyGram was previously available at around 3,500 Post Office® branches, but now all branches are equipped with the latest technology meaning MoneyGram transfers can be sent to and received from all 14,000 Post Office® branches. Unlike some other money transfer services it is not necessary to have a bank account to send or receive a MoneyGram transfer.