MoneyGram International (MoneyGram) has said that two India-based urban co-operatives, Abhyudaya Co-op Bank and Thane Janata Sahakari Bank, will soon be offering its money transfer services in the states of Maharashtra, Karnataka and Gujarat. With these additions, 18 India banks offer MoneyGram’s services.
The banks have been signed as sub-agents by UAE Exchange & Financial Services and Thomas Cook (India). Other key agents across India include, Mehra Forex, Airwings Services, Indus Ind Bank, Supreme Securities, Trade Wings and Catholic Syrian Bank.
Harsh Lambah, regional director for South Asia at MoneyGram, said: “MoneyGram is pleased to work with many established financial institutions across India to enhance the convenience of our affordable and reliable money transfer service across India. We have doubled our network in India this year and our progress continues. Adding our service to Abhyudaya and Thane Janata Sahakari banks is a first step in providing more locations and services in rural areas.
“Our goal is to provide our customers in India and around the world more choices for money transfer services. The special pricing and competitive exchange rates for India, along with our expansion into urban cooperative banks, will provide more convenient locations countrywide.”
