MoneyGram, a provider of money transfer and payment services, has extended its fund transfer agreement with foreign exchange retailer Travel Money Group.
Under the renewed deal, customers in Australia and New Zealand can transfer funds to India, Philippines, the Pacific Islands, and over 200 other countries and territories, from Travel Money’s 140 plus centres in the respective regions.
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According to data from the World Bank, over $3412m is sent from Australia and New Zealand to India, Philippines, and the Pacific Islands per year.
MoneyGram senior regional director for Australia and Oceania Michael Minassian said: "This continued partnership with Travel Money Group will allow our customers to send money home from any one of Travel Money’s 140 plus locations in Australia and New Zealand."
Travel Money Group general manager Dion Jensen said: "Our partnership with MoneyGram allows us to fulfill our intention to consistently innovate in the marketplace and to provide our customers with a reliable and reputable international transfer product and service offering."
Travel Money Group, owned by Australia-based Flight Centre Travel Group, is a retailer of foreign currency, pre-paid multi currency cards, travel insurance and international money transfer services.
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By GlobalDataMoneyGram now provides worldwide money transfer services in over 200 countries through a network of 350,000 agent locations.
