MoneyGram International Strengthens International Post Office Network via Kazakhstan Post and Moldova Post

MoneyGram International announced it signed two national post offices to its international agent network. Kazakhstan Post and Moldova Post are now both providing MoneyGram's money transfer services in all post offices throughout each respective country.

KazPost, which was signed through MoneyGram's super agent Platina Bank in Russia, will add 800 locations to MoneyGram's network. Moldova Post plans to bring MoneyGram's money transfer services to all Moldova Post locations. Through this agent partnership, MoneyGram becomes the largest money transfer provider in the country with more than 1,945 locations.

Other post office systems in MoneyGram's network include Canada, Cyprus, Jamaica, Kenya, Italy, Poland, Ukraine, Moldova and the United Kingdom.

IAMTN: Post Offices have always been one of the key strategic networks in any country and these two additions from MoneyGram are significant – we can expect them to be highlighted at next week’s earning call.