DALLAS, Aug. 27, 2015 /PRNewswire/ -- MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer and payment services, announces the launch of a new account deposit product that allows customers to send money directly to all Banco de Occidente accounts in Honduras.
"Banco de Occidente is one of the largest and most trusted banks in Honduras," says Pedro Saro, MoneyGram's vice president Mexico, Latin America, Caribbean. "Today we are pleased to add account deposit to the list of services we offer and provide with Banco de Occidente, adding another quick and convenient choice for our customers when they need to receive money."
"Banco de Occidente and MoneyGram have worked together to ensure customers in Honduras receive money between friends and family," says Manuel Venancio Bueso, sub general manager of Banco de Occidente. "The new deposit to account service gives our customers a more convenient choice to access their funds."
Once the money is sent to an account, the funds are typically available to customers in minutes subject to the bank's operating hours.
According to the World Bank, about $3.3 billion in remittances flowed into Honduras last year, the majority of which was sent from the United States.
About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.