MoneyGram's services (WI ARSEMA) available at PT Post office locations
JAKARTA, Indonesia, July 13, 2016 /PRNewswire/ -- MoneyGram International (NASDAQ: MGI), a leading global money transfer company, announced today that its Indonesia subsidiary PT MoneyGram Payments System Indonesia has signed an agreement with Arsema an Indonesia remittance company to provide the MoneyGram remittance service at Indonesia post office locations. With the collaboration, Arsema will provide MoneyGram's money transfer services at all post office locations where the pilot launch is activated throughout the Central Java and Bali region.
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"Our collaboration with Arsema reinforces our commitment to expanding our reach in Indonesia at places that are easily accessible to our customers," said Yogesh Sangle, MoneyGram's Asia Pacific senior regional director. "It is an important alliance that allows customers to receive money at the post office locations in a secure and convenient way."
According to the World Bank, an estimated $9.6 billion in remittances flowed into Indonesia in April, 2016. Accordingly MoneyGram has partnered with Arsema to meet this growing demand for reliable money transfer service by making MoneyGram's service available at Indonesia post office locations across the country.
"MoneyGram is the right choice for Arsema," said Bagus Widayatmo, PT Artha Semesta Utama's Director. "The agreement will allow us to offer a money transfer service that is fast and convenient while also demonstrating our commitment to giving our customers the important services they need to receive funds from their loved ones."
To send or receive money in Indonesia, customers can walk into any MoneyGram agent location, complete a simple form and show a photo identification to transfer and receive funds. The funds will be ready to collect in as little as 10 minutes subject to agent's operating hours and compliance with regulatory requirements.
About MoneyGram
MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. MoneyGram provides money transfer services in Indonesia through PT MoneyGram Payment Systems Indonesia, a wholly owned subsidiary of MoneyGram International, Inc. More information about MoneyGram International, Inc. is available at moneygram.com.
Media Contact:
Sabrina Chan
+852-2879-9903
sabrinachan@moneygram.com
