MoneyGram, a US-based money transfer company, has signed new agreements with agents in Equatorial Guinea and Myanmar, as part of its network growth and expansion.
The new agreements mark a major milestone for the company enabling it to offer services in 200 countries and territories across the world.
According to MoneyGram, the customers in Equatorial Guinea will now be able to use MoneyGram services at CCEI Bank, while services in Myanmar will be available at three banks namely: Asia Green Development (AGD) Bank, Myanmar Citizens Bank (MCB) and Tun Foundation Bank (TFB).
The move will strategically focus on underserved customers and aims to bring customers closer through money transfers that can be made to and from locations globally.
MoneyGram chairman and CEO, Pamela Patsley, said: "This is an important achievement in our continuous efforts to strengthen our network and to reach more customers across the globe. We are committed to our goal of being the preferred money transfer provider for our customers worldwide."