As per the terms of the renewed agreement, Nix Financial will continue to offer MoneyGram money transfer services and money orders to its customers.
Commenting on the agreement, MoneyGram US and Canada senior vice president Pete Ohser said, "Contract renewals are important to our business and clear signs that our brand is bringing added value to consumers."
Its customers regularly use MoneyGram’s services to securely send and receive funds from Latin America as well as locally. The company also provides bill payment and prepaid services for customers seeking added convenience.
Nix Financial provides an array of services, including small consumer loans, prepaid debit and credit cards, bill payment and cheque cashing to financial institutions.
MoneyGram offers bill payment services in the US and Canada and money transfer services across the world leveraging a global network of 321,000 agent locations including retailers, international post offices and financial institutions in 198 countries and territories.
Most recently, the company purchased Latino Services, an Atlanta, Georgia-based funds transfer agent, with an aim to expand its operated stores in the region.
