MoneyGram Grows in Japan

More convenient locations thanks to partnership with City Express Money Transfer

TOKYO, Aug. 8, 2017 /PRNewswire/ -- MoneyGram today launched its money transfer services at 18 locations managed by City Express Money Transfer ("City Express"). Thanks to this collaboration, the number of MoneyGram touchpoints across Japan has increased to nearly 50. 

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According to the World Bank, over $8.8 billion in remittances flowed out of Japan in 2016 mainly to China ($4.1 billion), South Korea ($1.7 billion), and the Philippines ($1 billion). To meet the growing demand for money transfer services, MoneyGram recently expanded its network in Japan with locations providing greater coverage of key prefectures, including Tokyo, Saitama, Ibaraki and Tochigi.

"Japan is a significant send market in the Asia Pacific region and one of the key countries for MoneyGram," said Yogesh Sangle, MoneyGram's head of Asia Pacific. "The agreement with City Express, one of the fastest growing remittance companies in Japan, reinforces our strategy to bring more convenient options to our customers to send or receive funds whether in cash or directly to their bank account," added Sangle.

"With MoneyGram we can offer our customers a money transfer service that is fast and reliable. This collaboration demonstrates our commitment to offer our customers the right partner to send funds to their loved ones around the globe," said Mahesh Kumar Shrestha, President and CEO of City Express Money Transfer Japan.

For more information about MoneyGram services in Japan, please visit moneygram.jp

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About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.

Media Contact:
Maria Bankiet-Kaminska
MoneyGram
Tel: + 48  22 377 2185
Mob: + 48 885 889 696
Mail: MBankietKaminska@moneygram.com

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