DALLAS, Aug. 1, 2018 /PRNewswire/ — MoneyGram and Grupo Elektra, a leading retailer and financial services company in Latin America, have announced the extension of their agreement to provide money transfer services at nearly 2,000 Elektra locations across Mexico until 2021. This continued partnership reinforces MoneyGram’s strong presence in the Mexican market, a key region within the world’s largest remittance corridor between the U.S. and Mexico, which saw over $30 billion in inflows in 2017.
Since 2012, MoneyGram and Elektra Mexico have collaborated to offer convenient and accessible money transfer solutions for customers in Mexico. Grupo Elektra, known for its extensive network and financial services offerings, is also the largest non-bank provider of cash advance services in the United States, making this partnership a strategic alignment of strengths.
“MoneyGram and Grupo Elektra share a commitment to providing valuable services to families, aiming to improve their lives and deliver exceptional customer experiences,” stated Grant Lines, MoneyGram’s chief revenue officer. “We are proud of our joint accomplishments and are excited to continue our partnership, fostering financial inclusion for customers through Elektra Mexico’s expansive network.”
About MoneyGram International, Inc.
MoneyGram is a global leader in innovative money transfer and payment services, connecting individuals and families worldwide. Through its digital platform, mobile devices, kiosks, and extensive retail network, MoneyGram offers convenient options for sending and receiving money. MoneyGram also provides bill payment services and money orders in select markets. For more information, please visit moneygram.com.
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SOURCE MoneyGram
