MoneyGram and Post Office Limited have extended their agreement to provide money transfer services inside thousands of UK Post Office locations until 2021.
The Post Office has been a MoneyGram agent since 1996, helping customers to receive money conveniently and send funds directly to more than two billion bank accounts and mobile wallets or to any MoneyGram location in over 200 countries and territories worldwide.
Owen Woodley, chief executive of financial services and telecoms at Post Office Limited, said, “Through our successful 22-year relationship with MoneyGram, we have made sending or receiving money around the world easier for millions of consumers through our branch network.
“Our 11,500 branches across the UK make it easy for MoneyGram customers to access a wide range of services at a time and location that’s convenient for them. Building on this theme, we will now be actively exploring opportunities to also build new digital money transfer opportunities to support the Post Office’s core value in providing our customers with easy access to financial services.”
Alex Holmes, chairman and CEO at MoneyGram, said, “For more than two decades, MoneyGram and UK Post Office have partnered to drive financial inclusion in one of the most diverse regions in the world by offering our customers convenient and reliable financial services.
“The announcement is a testament to the strength of a shared commitment MoneyGram and the Post Office have to each other and most importantly to our customers. We look forward to continuing our partnership and exploring new opportunities to make money transfers easier.”