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MoneyGram Expands Mobile Money Transfer Service to 40,000 US Agents

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MoneyGram International has announced the expansion of its mobile money transfer service to approximately 40,000 agent locations in the United States. The expansion follows its pilot program offered from select California and Hong Kong agent locations to 40 million Philippines SMART phone users.

MoneyGram joined forces with SMART Communications in December and began the pilot phase of its MoneyGram mobile money transfer services to deliver funds from a MoneyGram agent location direct to any SMART Money account. Mozido, a mobile technology provider, supplies the transaction services to link MoneyGram's services to SMART mobile phones.

"Our entry into mobile money transfers with SMART was well received by our consumers and we are continuing our expansion plans to link SMART Money users with MoneyGram's agent locations around the world," said Dan O'Malley, MoneyGram's executive vice president for the Americas. "Filipinos around the world continue to look for opportunities to meet their financial needs. Our goal is to provide these workers with the most affordable, reliable and convenient money transfer services, which includes sending funds direct to mobile accounts."

MoneyGram also introduced mobile money transfers send services in Italy last year in partnership with its agent Poste Italiane and Poste Mobile's technology. The service provides a mobile interface for consumers to transfer funds from their mobile phone to recipients collecting funds at any MoneyGram agent location.

"Mobile technology is expanding the possibilities for money transfer transactions and opening new markets for our service," O'Malley said. "Mobile services are especially helpful in developing countries where agent locations are difficult to establish. We have targeted several of these countries for our ongoing expansion in mobile services."

Currently MoneyGram is in discussions with several mobile operators to introduce mobile programs in other regions around the world. The company is continuing its global roll-out of its mobile service to more agent locations, with countries in Africa, the Caribbean and Middle East among the locations expected to launch the service next.

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