MoneyGram Reaches 1,000 Locations in Cote d’Ivoire

COTE D’IVOIRE, Africa (March 19, 2015) (GLOBE NEWSWIRE / Knowledgebylanes) — MoneyGram (NASDAQ: MGI), a leading global money transfer company, and Ecobank Cote d’Ivoire announced a new agreement that gives consumers living in Cote d’Ivoire access to convenient MoneyGram money transfer services. The agreement expands MoneyGram’s services to include all Ecobank Cote d’Ivoire locations, reaching a total of 1,000 locations in the country.

“Consumer demand for money transfer services is steadily increasing in Cote d’Ivoire. As MoneyGram expands to meet these needs, we have reached a significant and exciting milestone,” says Herve Chomel, MoneyGram’s vice president of Africa. “Collaborating with Ecobank Cote d’Ivoire provides our consumers with more choices when sending or receiving funds. This not only directly benefits MoneyGram’s consumers, but also positively impacts the country’s economic development.”

According to the World Bank, consumers in Cote d’Ivoire receive more than $380 million dollars each year, primarily from expatriates living in France, the U.S., Canada, Italy, Germany, Belgium, and in other African countries.

About MoneyGram International, Inc.
MoneyGram, a leading money transfer company, provides essential services to consumers who are not fully served by traditional financial institutions. MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 350,000 agent locations, including retailers, international post offices and banks. MoneyGram also offers bill payment services, issues money orders and processes official checks in select markets.

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Michelle Buckalew