Monday 19 April 2010

MoneyGram International Brings Money Transfer Services to 930 Bank of China Branches in Guangdong Province

More than 1,150 Bank of China mainland locations offer MoneyGram services, nearly 9,000 more planned

MINNEAPOLIS, Apr 19, 2010 (BUSINESS WIRE) -- MoneyGram International, a leading global money transfer company, and Bank of China, a pillar of China's banking community and Global Fortune 500 Company, announced today the introduction of MoneyGram's services at 930 bank branches across Guangdong province, bringing MoneyGram's convenient and reliable money transfer services to more than 100 million residents across China's most populous province.

It is estimated that more than $25 billion in remittances--more than half of the total remittances sent into China, were received in Guangdong province in 2008, according to official estimates including reports by the Overseas Chinese Affairs Bureau. Read more

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