MoneyGram International Ltd. and Bank of Communications Sign Agreement to Provide MoneyGram Service in China
LAKEWOOD, Colo., Nov. 5 /PRNewswire-FirstCall/ -- The Bank of Communications and MoneyGram International have signed an agreement that will offer MoneyGram service throughout China. A signing ceremony was held at the new headquarters of the Bank of Communications in Shanghai, China on November 1. Bank of Communications is the first joint-stock commercial bank in China and is one of that country's leaders in the remittance business. MoneyGram service will be introduced initially at bank branches in major cities and then rolled out to other cities step by step. Customers will soon be able to send funds anywhere in the world through the MoneyGram network at any of the Bank of Communication's 2,700 outlets in 86 Chinese cities and five overseas outlets. MoneyGram International is one of the leading remittance companies in the world. With more than 55,000 agents in 150 countries, the company is a subsidiary of Travelers Express Company, Inc. ( www.temgweb.com ). Travelers Express, a subsidiary of Phoenix-based Viad Corp (NYSE: VVI), is known as a leader in the payment services industry, providing services to both the retail and financial institution markets. For further information please contact Angela Phoenix of Viad Corp, +1-602-207-5608, firstname.lastname@example.org. Make Your Opinion Count - Click Here http://tbutton.prnewswire.com/prn/11690X43134108
SOURCE Viad Corp
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