MoneyGram International has added more than 1,200 M Lhuillier money-transfer locations throughout the Philippines through a partnership with M Lhuillier Financial Services, a non-bank financial services firm.
With the addition of new locations, MoneyGram claims to offer customers in the Philippines the option to receive transactions in the US dollars as well as Philippine pesos.
MoneyGram also said that the 1,200 new M Lhuillier locations will increase its presence in the Philippines to more than 6,000 locations. MoneyGram expects continued network growth in the Philippines for the remainder of 2009, including nearly 900 bank branches that will roll out money transfer services in 2009.
According to the company, to receive money via MoneyGram in the Philippines, the receiver can walk into a MoneyGram agent location, complete a receive form and show a photo identification to receive funds.
Tony Ryan, president and CEO of MoneyGram, said: M Lhuillier’s extensive locations, accessible hours and multi-currency payout support MoneyGram’s mission to help consumers around the world with more convenient choices for safe and reliable money transfer services.
