MoneyGram Establishes Service in Vientiane, Laos

Feb 28, 2005, 00:00 ET from MoneyGram Payment Systems, Inc.

    VIENTIANE, Laos, Feb. 28 /Xinhua-PRNewswire-FirstCall/ -- MoneyGram
 Payment Systems, Inc. today inaugurates its service in Laos with Banque pour
 le Commerce Exterieur Lao (BCEL) and Thai Military Bank (TMB), Laos branch.
 MoneyGram, together with BCEL and TMB will continue to expand more locations
 in Laos and to provide MoneyGram services for the Laotian people worldwide.
     The MoneyGram global money transfer service enables individuals to send
 and receive cash internationally in just 10 minutes* without the need for a
 bank account.  Friends and relatives overseas now can send money from over
 75,000 locations worldwide.
     ''With the continuous improvement of the economy in Laos, which is
 attracting more tourists and foreign investments, we expect to see growth in
 receive transactions here.  We are aligned with the reputable bank network of
 TMB and BCEL in Laos, and such well-known chains as Wal-Mart, Albertsons and
 Duane Reade in the U.S., so we can give the 500,000 overseas Laos many safe
 choices for sending money back to their families, even in non-banking hours,"
 said Nick Cunnew, Regional Director of MoneyGram International Ltd Asia
 Pacific Region.
     In Canada, MoneyGram service is provided by Canada Post, with an extensive
 network of more than 1,000 locations nationwide.  In Italy, service is
 provided through Poste Italiane, the Italian post offices.  In Thailand,
 MoneyGram service is provided by Thai Military Bank (TMB) & Siam Commercial
 Bank (SCB) with an extension of more than 700 locations nationwide.
     ''We continue to expand our worldwide network,'' said Cunnew.  ''Speed,
 convenience, reliability, and value are important considerations for money
 transfer consumers and priorities for MoneyGram,'' said Nick Cunnew.  ''Value
 pricing, in addition to our service reputation, attracts customers to the
 MoneyGram service in this important, emerging money transfer market.''
     MoneyGram is a leading global payment services company, providing money
 transfer services through 75,000 locations in over 170 countries.  It is a
 subsidiary of MoneyGram International, Inc., which trades on the New York
 Stock Exchange under the ''MGI'' ticker and is included in the Standard &
 Poor's MidCap 400 Index.  For more information or to locate a MoneyGram agent,
 visit the company's Website at .
     *Subject to receive agents hours of operation and local regulations
     Contact details:
     For contact in US,
      Sabrina Chan
      Tel:   +852-2879-9903
     For contact in Australia
      Anna Nguyen
      Tel:   +61-2-8211-2714

SOURCE MoneyGram Payment Systems, Inc.