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Employer Quick Look

MoneyGram International

(Public)  
Banking - Financial Services
2,500 - 5,000 employees  |  
Overview
The MoneyGram brand is recognized throughout the world as a leading global payment services company. The diverse array of products and services we offer enables consumer and businesses to make payments and transfer money around the world. From New York to Russia or London to India - in more than 190 countries - MoneyGram's money transfer service moves money quickly and easily around the world.

Our payment services also help businesses operate more efficiently and cost effectively. We offer our products and services to consumers and businesses through a worldwide network of agents and financial institution customers.

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Culture

Giving back to communities in need is one of our corporate values. The MoneyGram Global Giving program provides approximately $500,000 in grants annually to non-profit organizations around the world focused on microfinance programs and essential education services. MoneyGram also commits funds to fee relief during times of disaster, including temporarily reducing or eliminating fees for money transfers to affected countries.

Recent Business Highlights

  • Announced the expansion into Mexico of our successful cash-to-Visa account program. Consumers can visit any of the 35,000 MoneyGram locations in the U.S. to send funds directly to the Visa accounts of recipients in Mexico.
  • Launched our service with Sberbank, Russia's largest and oldest bank, where MoneyGram's valued money transfer system is now available for consumers to send and receive money at 8,000 branch locations across the world's third-largest remittance market.
  • Created a partnership with Valora of Switzerland, the country's largest retailer, significantly expanding MoneyGram's presence in this important send market. The service will initially be offered in more than 500 kiosk locations this year and a total of 1,000 in 2012, making MoneyGram the leading provider of international money transfer services in Switzerland.
  • Entered into an agreement with Movistar Remesas, a division of Spanish telecommunications giant Telefonica. Through the strategic agreement, Movistar Remesas now offers its 1,500 independently owned retail locations the opportunity to provide MoneyGram's services to its consumers across Spain.
  • Strengthened our partnership with Societe Generale through an expanded agreement that offers MoneyGram services through Societe Generale's international retail banking network in 37 countries. The global agreement is an extension of the two companies' successful partnership in Albania, Ghana, Russia, Mayotte and Reunion.
  • Expanded MoneyGram's presence in Japan through a new agreement with SBI Remit Co. Ltd. This service, launched in December 2010, enables SBI customers to send and receive funds online, by depositing money into customer's account with SBI Remit via ATMs, and through kiosks in convenience stores.
  • Initiated the roll out of a unique self-service money transfer solution through kiosks in Australia. This service will be available in 400 7-Eleven convenience stores in Victoria, New South Wales and Queensland, tripling MoneyGram's network in Australia when fully rolled out.