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March 4, 2016updated 04 Apr 2017 3:59pm

MoneyGram, Post Office launch new MoneyGram Plus card program

MoneyGram and Post Office, a UK-based retail post office company, have launched a new ‘MoneyGram Plus’ card program to celebrate their 20-year business relationship.

By Verdict Staff

MoneyGram and Post Office, a UK-based retail post office company, have launched a new ‘MoneyGram Plus’ card program to celebrate their 20-year business relationship.

The new service enables the storage of both the sender and receiver information in the MoneyGram system, thereby simplifying the process for repeat transactions.

The Post Office provides MoneyGram money transfer services in more than 11,500 branch locations across the UK. It has been serving as a MoneyGram agent in Western Europe since 1996.

Both the companies have together conducted 20 million money transfer transactions.

Post Office CEO Paula Vennells said: "Through our successful 20-year relationship with MoneyGram, we have made sending or receiving money around the world easier and, with the introduction of new services, this will get even easier.

"With our 11,500 branches, Post Office is the largest UK retail network with extensive operating hours and over 3,000 branches open seven days a week making it convenient for MoneyGram customers to access a wide range of services at a time that suits them."

According to data from World Bank, an estimated $2.5bn was sent from the UK and $1.8bn USD flowed into the country in 2014.

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