JAKARTA, Indonesia, Jan. 19 /Xinhua-PRNewswire/ -- Bank Mega and MoneyGram International, a leading international money transfer company, have formed an alliance which will benefit Indonesians living and working around the world. With MoneyGram, Bank Mega can now provide a simple money transfer system that enables even customers without bank accounts to send and receive cash. MoneyGram has 104,000 money transfer agent locations in more than 170 countries and territories.
"MoneyGram service has already been introduced in 50 Bank Mega branch offices and we plan to roll out all branches nationwide before end of the year," said Janice Ong, MoneyGram's Regional Manager of Australia, New Zealand and the Pacific.
"By cooperating with MoneyGram in providing fast money transfer service, it will give us a wide variety of transactions to serve our customers and fulfil their needs," said Beny Witjaksono, Bank Mega Director of Treasury and International Banking. "The positive features of MoneyGram, which are easy access, reliability, convenience and speed, will help us accommodate the needs of customers and make our position more competitive in the market. We are looking to grow MoneyGram transactions and we believe the prospect of the business will be bright."
The service offers great help to Indonesians working and living abroad as well as local businessmen and citizens who need to send money overseas. To use the service, customers will only need to go through some simple steps. They must bring identification such as a passport, complete a short, simple form and then pay for the amount of money they want to send, plus the MoneyGram service fee. They will then be given a MoneyGram reference number. The person receiving the money may pick up the money at any MoneyGram location using this number or, in some cases, just by presenting proper identification.
Mr Nick Cunnew, MoneyGram's Regional Director, Asia Pacific and India subcontinent, says, "The expertise and resources of Bank Mega, together with those of MoneyGram, will provide the growth platform for developing international access to the MoneyGram service. Indonesia has been considered a key country for MoneyGram both region-wide and worldwide. We have good coverage in the U.S., UK, Netherlands, Australia, Malaysia, and South Asia and the Middle East, all countries or regions that have close connections with Indonesia. By focusing on these key corridors, we will develop the business through aggressive marketing activities."
About MoneyGram International, Inc.
MoneyGram International, Inc. is a leading global payment services company and S & P MidCap 400 company. The company's major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers. MoneyGram is a New York Stock Exchange listed company, with over $970 million in revenue in 2005 and approximately 104,000 global money transfer locations in 170 countries. For more information, visit the company's website at www.moneygram.com .
Contact:
Doris Au
Marketing Officer
MoneyGram International Ltd.
Asia Pacific and ISC Region
Tel: +852-2879-9909
Email: dorisau@moneygram.com
