MoneyGram International, a provider of global payment services, has announced that it will bring its money transfer service to thousands of additional Canada Post locations by year end, expanding its agent network in Canada. The announcement follows the successful roll out of 2,000 additional Canada Post locations currently offering MoneyGram money transfer service.
Reportedly, in addition to the network expansion, it will introduce MoneyGram Rewards customer loyalty program in Canada this fall, offering members fee discounts, receive notices and fast and convenient form-free money transfers. It added that MoneyGram Rewards customers in Canada will receive a 5% discount on all transactions,
Moreover, Canada Post has upgraded to MoneyGram’s AgentConnect system, to expand the service into more Canada Post locations. The company has added that with the new point of sale system, it takes as little as 10 minutes to send a MoneyGram money transfer around the world, depending on a receiving agent’s hours of operation. It is expected that additional Canada Post locations will bring its money transfer service to Canada Post’s network located from coast to coast across Canada.
Dan O’Malley, senior vice president and president of the Americas at MoneyGram International, said: “MoneyGram’s integration into Canada Post’s full network will bring our money transfer service to within 2.5 km of nearly 90% of all urban Canadians.”
“Our MoneyGram Rewards program attracts first-time customers to our services, and early results indicate these new customers are staying with our brand longer and transacting more often,” he added.
John Reis, director of retail at Canada Post, said: “As we automate all of our Post Offices with MoneyGram’s enhanced point of sale system, MoneyGram’s money transfer service complements our financial service offerings and drives new revenue and new customers.”
