Allahabad Bank adds MoneyGram International's money transfer service

On 19 July 2009, Allahabad Bank, one of the leading nationalised banks in India, indicated that it is adding MoneyGram International's money transfer services to its core banking service branch locations. The bank's expansion of money transfer services would provide more value added services and greater convenience to its customers. The bank's customers would have a wide choice of remittances of funds through RTGS, NEFT, and ECS within the country and receive remittance of funds from foreign countries through the channel provided by MoneyGram.

General Manager, Allahabad Bank, Narendra Singh said “We are pleased to offer MoneyGram money transfer services through our extensive, nationwide bank branches to widen the array of services that we offer our customers. It is a win–win situation for both the organisations and MoneyGram's global money transfer service provides hassle-free, inward remittances close to our customers' homes.”

Regional Director of South Asia, MoneyGram International, Harsh Lambah said “India is an important part of our global growth and the addition of Allahabad Bank branches marks a milestone in our expansion.We've added 6,000 agent locations this year and we remain focused on adding more locations countrywide to meet the vast remittance needs in India and to reach deeper into rural areas.”

Source: BusinessWire India