PR88889

TOKYO, April 8, 2021 /PRNewswire=KYODO JBN/ --

- For over a decade, MoneyGram and SBI Remit have delivered innovative and

affordable money transfer services to meet the evolving needs of their combined

customer base through both digital and walk-in channels

MoneyGram International, Inc, a global leader in cross-border P2P payments and

money transfers, today announced a three-year extension to its partnership with

SBI Remit Co., Ltd., one of the Company's key partners in Japan. For over a

decade, MoneyGram and SBI Remit have delivered innovative and affordable money

transfer services to meet the evolving needs of their combined customer base

through both digital and walk-in channels. As MoneyGram continues its expansion

across the Asia-Pacific, this extension marks a key milestone for MoneyGram in

the region.

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"We are excited to extend our partnership with SBI Remit for three more years

as we continue to expand across the Asia-Pacific and enable more customers to

send and receive money to and from family and friends around the world," said

Grant Lines, MoneyGram Global Chief Revenue Officer. "Through strategic

partnerships with companies like SBI Remit, we continue to focus on customer

experience initiatives as well as enhancing options to meet the evolving needs

of consumers."

"MoneyGram became our first international remittance partner in November of

2010, and we are extremely excited about a renewed relationship with our

trusted brand partner," said Nobuo Ando, Representative Director of SBI Remit.

"At SBI Remit, we have extended options for customers to deposit cash on to

their Remit cards. Through services like this, we will continue to offer

customers in Japan more convenience sending money back home through MoneyGram."

To celebrate this milestone, MoneyGram and SBI Remit will launch a special

promotion for customers. SBI Remit customers who transact through MoneyGram

before March 31, 2022, will have a chance to win a cash prize from a total

prize pool of JPY1,200,000. There will be 10 winners per month, and each winner

will receive JPY10,000.(1)  

To use MoneyGram service with SBI Remit, senders can register on the SBI Remit

website at www.remit.co.jp. Senders can then deposit funds into their SBI Remit

deposit accounts at Mizuho Bank, Sumitomo Mitsui Bank and Resona Bank. Deposits

can also be made through SBI Remit cards at Japan Post Bank ATMs or Lawson Bank

ATMs or can also be made through cash from FamiPort at any Family Mart location

throughout Japan.

About MoneyGram International, Inc.

MoneyGram is leading the evolution of digital P2P payments. With a

purpose-driven strategy to mobilize the movement of money, a strong culture of

fintech innovation, and leading customer-centric capabilities, MoneyGram has

grown to serve nearly 150 million people across the globe over the last five

years.

The Company leverages its modern, mobile, and API-driven platform and

collaborates with the world's leading brands to serve consumers through

MoneyGram Online (MGO), its direct-to-consumer digital business, its global

retail network and its emerging embedded finance business for enterprise

customers, MoneyGram as a Service.

For more information, please visit ir.moneygram.com and follow @MoneyGram

Media Contact

media@moneygram.com

(1) Terms and conditions apply

SOURCE  MoneyGram