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Puerto Vallarta News NetworkNews Around the Republic of Mexico 

MoneyGram Forms Alliance with Farmacias Guadalajara

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October 15, 2013


MoneyGram has formed an alliance with Farmacias Guadalajara to enable customers across Mexico to send and receive funds from more than 1,000 of the drugstore chain's locations across the country.

Guadalajara, Mexico - MoneyGram, a leading global money transfer company, has formed an alliance with Farmacias Guadalajara, that now allows MoneyGram services to be offered at more than 1,000 of the drugstore chain's locations around Mexico.

With this agreement, customers across the country are now able to send and receive funds through MoneyGram's robust network of agents around the world.

"Mexico is one of the top recipients of remittances in Latin America, and we´re working with Farmacias Guadalajara to meet our consumers' current and future needs by expanding our services in the country," said Pedro Saro, vice president Mexico, Latin American, and Caribbean at MoneyGram. "This agreement will give consumers throughout Mexico more locations from which to receive the support they need."

According to the World Bank, Mexico ranks third on the list of worldwide countries that receive the largest amount of inbound transfers, and receives an estimated $22.5 billion yearly from the US alone.

"By aligning with MoneyGram, we are offering our customers the opportunity to receive funds quickly, reliably, and conveniently from friends and family around the world," says María Fernanda García Orozco, finance sub-director and investor relations director at Farmacias Guadalajara. "We expect this service to be very well received by our customers"

About MoneyGram International

MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide through a global network of 327,000 agent locations - including retailers, international post offices, and financial institutions - in nearly 200 countries and territories. MoneyGram also offers bill payment services in the United States and Canada. MoneyGram is listed on the NASDAQ Stock Exchange under the ticker symbol MGI. To learn more about money transfer or bill payment at an agent location or online, visit moneygram.com.