MoneyGram Extends Relationship With SBI Remit in Japan

TOKYO, Japan (Feb 11, 2015) (GLOBE NEWSWIRE) -- MoneyGram (NASDAQ: MGI), a leading global money transfer company, today announced that it has extended its relationship with SBI Remit Japan, one of MoneyGram's key agents in Asia. MoneyGram will continue to provide services both online and through walk-in locations for customers in Japan who want to send funds securely and quickly to friends and family around the world.

"MoneyGram is focused on providing a variety of self-service products in Asia through strategic relationships with companies like SBI Remit," says Grant Lines, MoneyGram's executive vice president, business development. "This renewed agreement is a key milestone in our Asia business. With our continued focus on customers living and working in Japan and improved service to both senders and receivers, MoneyGram will continue to attract new customers to our strong, global brand."

"We started our relationship with MoneyGram as our international remittance partner back in March 2010. We are happy and excited about our renewed relationship with MoneyGram to serve our senders and receivers in covering over 200 countries and territories worldwide," says Nobuo Ando, representative director of SBI Remit Japan.

According to the Japan Statistical Yearbook of 2014, the number of foreign registered residents has reached over 2 million. According to the World Bank's latest estimates, close to $3 billion is sent from Japan annually, and more than $3.5 billion flows into the country.

MoneyGram's service with SBI Remit is easy to use. Senders can register on the SBI remit website at Senders can then deposit the funds in SBI Remit deposit accounts at Mizuho Bank, Sumitomo Mitsui Bank, Resona Bank and Citibank. Deposits can also be made from FamiPort at any Family Mart locations throughout Japan.

About MoneyGram International, Inc.

MoneyGram, a leading money transfer company, provides essential services to consumers who are not fully served by traditional financial institutions. MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 347,000 agent locations, including retailers, international post offices and banks. MoneyGram also offers bill payment services, issues money orders and processes official checks in select markets.

CONTACT: Media Contact: Michelle Buckalew 214-979-1418

Source:MoneyGram International, Inc.