M Lhuillier has become the first MoneyGram agent to offer MoneyGram international money transfer services, any time of day in US dollars in the Philippines. The introduction of US dollar payouts is expected to appeal to Overseas Filipino Workers (OFWs) as they maximize funds that reach their families by minimizing the currency exchange – reported AME Info.
MoneyGram executives believe that the money and time-saving characteristics of global money transfer service in the Philippines encourages OFWs to send much-needed money that may be used as capital investment for small-and-medium-scale businesses. This is expected to bring OFWs and their families closer to their goals of securing additional income that will help them cope with the turbulent economic times – reported the newspaper.
Richard Meredith, regional director for MoneyGram Middle East, Pakistan and Afghanistan, said: Our objective is to provide customers with more choices and greater convenience when it comes to managing their financial needs. That is why we have worked with M. Lhuillier to provide the improved MoneyGram US dollar payout service to give OFWs a reason to choose MoneyGram as they invest in the future of their families.
