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
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 http://www.moneygram.com .
*Subject to receive agents hours of operation and local regulations
For contact in US,
For contact in Australia
SOURCE MoneyGram Payment Systems, Inc.