Customers can pick up funds at more than 17,000 OXXO locations
DALLAS, Sept. 11, 2018 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) customers in Mexico have thousands of new locations to choose from when they need to pick up money sent from family and friends around the globe. The company's money transfer receive service is now available at more than 17,000 OXXO convenience stores in the country.
"MoneyGram and OXXO have a shared goal to provide consumers easy and convenient ways to manage life's daily needs. We are excited that our customers can now pick up funds at their neighborhood OXXO store anywhere in Mexico," said Grant Lines, MoneyGram's head of global revenue. "The ability to leverage cash at any point during a money transfer transaction helps differentiate MoneyGram in the marketplace and supports our mission to offer consumers more choice when they use our money transfer services."
"We are proud to offer consumers this new service through MoneyGram. As the number one convenience store chain in Mexico, we know the importance of satisfying our customer's daily needs in a friendly, fast, practical and reliable way," said Asensio Carrión, Director of Financial and Electronic Services, OXXO.
When picking up at an OXXO store, consumers can receive up to 2,000 pesos in cash. All additional funds, up to 11,600 pesos, can be transferred into a bank account from the OXXO location, or put on Saldazo, a debit card co-branded between OXXO and CitiBanamex.
Remittances are one of Mexico's top sources of foreign income. According to the World Bank, more than $30 billion flowed into the country in 2017.
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.