MoneyGram Foundation Announces Grant and Charitable Promotion to Support Save the Children COVID-19 Relief Efforts

DALLAS, April 14, 2020 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ:MGI) today announced a grant of $100,000 from the MoneyGram Foundation to Save the Children to support COVID-19 global relief efforts, including medical supplies and preparedness training to regions impacted by coronavirus.

The MoneyGram Foundation has also committed an additional $50,000 towards a "MoneyGram Match" campaign which will take place on Friday, April 17, 2020. Save the Children will receive a donation of $1 for every online transaction completed on the MoneyGram mobile app and customer-centric website, up to $50,000.

Funds raised through this effort will go towards the training of health teams worldwide on how to protect themselves and prevent further spread of the disease. Save the Children is also supplying the personal protective equipment and other supplies frontline health staff desperately need. In addition, supportive services are being provided to children and families who are isolated due to quarantine measures. In the United States, Save the Children is focused on ensuring children continue to learn and receive meals despite nationwide school closures. 

"Many of our customers make sacrifices to send money for daily needs such as healthcare, education, and medical supplies," said Alex Holmes MoneyGram Chairman and CEO. "Now, thanks to this exciting program, customers who utilize our direct to consumer digital business on April 17th can make an additional impact on lives around the world through our partnership with Save the Children."

The MoneyGram Foundation was established in 2013 and has invested over $6.8 million in child-focused grants to nonprofits and non-governmental organizations across 69 countries. As an ongoing global crisis aid partner since 2016, Save the Children also receives an annual grant from the MoneyGram Foundation in support of the Children's Emergency Fund, a vital resource that enables the organization to provide timely humanitarian aid to children as soon as disasters occur.

About MoneyGram Foundation
MoneyGram established the MoneyGram Foundation in 2013 to help children around the world gain access to educational facilities and learning resources. Its mission is firmly rooted in the belief that education is at the heart of better economic opportunities, healthier families and individual freedom and empowerment. The MoneyGram Foundation is focused on inspiring minds and improving lives and grants funds to deserving organizations with this mission in mind. To learn more, please visit moneygramfoundation.org.

About MoneyGram International, Inc.
MoneyGram is a global leader in cross-border P2P payments and money transfers. Its consumer-centric capabilities enable family and friends to quickly and affordably send money in more than 200 countries and territories, with 70 countries now digitally enabled.

MoneyGram leverages its modern, mobile, and API-driven platform and collaborates with the world's leading brands to serve millions of people each year through both its walk-in business and its direct-to-consumer digital business.

With a strong culture of innovation and a relentless focus on utilizing technology to deliver the world's best customer experience, MoneyGram is leading the evolution of digital P2P payments.

For more information, please visit moneygram.com and follow @MoneyGram.

About Save the Children
Save the Children believes every child deserves a future. Since our founding 100 years ago, we've changed the lives of more than 1 billion children. In the United States and around the world, we give children a healthy start in life, the opportunity to learn and protection from harm. We do whatever it takes for children – every day and in times of crisis – transforming their lives and the future we share. Follow us on Facebook, Instagram, Twitter and YouTube.

Contact:
Stephen Reiff
[email protected]

SOURCE MoneyGram