Moneygram general as well as donga bank launch initial income send kiosk in …
Chairman Discusses Latest Products, Expansion of Income Send Services, Celebrates grants to Children of Vietnam for latest propagandize as good as scholarships
HO CHI MINH CITY, Vietnam, March 02, 2011( BUSINESS WIRE) —
MoneyGram General( NYSE:MGI) Chairman as good as Chief Executive Officer Pamela H. Patsley was in Vietnam currently to launch a country’s initial income send kiosk with DongA Bank as good as encounter with MoneyGram agents to plead latest opportunities, network enlargement as good as contract expansion in this nation of flourishing significance in a tellurian remittance market.
“Vietnam is an increasingly critical marketplace in a$ 400 billion tellurian income send attention with some-more than$ 7 billion in remittances perceived in a nation in 2010, ” pronounced Patsley. “MoneyGram is committed to flourishing a participation here. Last year, you increasing a network in Vietnam by thirty percent. We’re really vigilant upon expanding a products as good as services via Vietnam as good as we’re you do it originally with DongA Bank as good as a pass of a Red Kiosks as good as home delivery.”
DongA Bank is a heading MoneyGram representative in a nation upon condition that use during 252 locations as good as home smoothness to any commercial operation or home address. DongA is additionally opening Red Kiosks during name locations, a initial non-stop currently in Ho Chi Minh City.
According to Remas Ho, informal executive of Middle East, MoneyGram as good as a agents in Vietnam have been operative together to yield consumers with quick, arguable as good as available income send solutions. A pass strength for MoneyGram in Vietnam is a considerable organisation of monetary institutions in network, together with DongA Bank, that provides commercial operation with locations countrywide, home smoothness as good as right away kiosks.
Le Tri Thong, Deputy CEO of DongA Bank as good as Chairman of DongA Income Send Association said: “Growing a income send services during DongA Bank is partial of a concentration upon building a internal monetary marketplace as good as transferring tellurian best-practice methods for a good of a customers. Aligning ourselves with MoneyGram will safeguard that you yield a commercial operation with general standards of preference as good as security. A Red Kiosks have been an critical partial of this plan as good as we’re fervent to open a initial locations this month.”
Remittances to Vietnam have been primarily sent from a United States as good as might be perceived during any of MoneyGram’s scarcely 1, 500 locations countrywide, that in further to DongA Bank includes heading banks Eximbank as good as Sacombank combined in 2010 as good as Vietcombank, VIB, as good as Saigon Bank.
Patsley’s revisit to a segment confirms a company’s commercial operation as good as munificent joining to Vietnam, that additionally includes MoneyGram Tellurian Giving donations of some-more than$ twenty, 000 to Children of Vietnam since 2009. A grants were since to erect a Binh Minh Kindergarten Propagandize in Tam Dai, Quang Nam, that non-stop in Might 2010. Additionally, $ 10, 000 of a accede to will yield 5 students with four-year scholarships by Children of Vietnam.
Ben Wilson, Children of Vietnam owner as good as boss, pronounced, “We have been intensely beholden to MoneyGram. It is positively a community-minded commercial operation as good as has since a immature students good event to turn separate as good as prolific citizens.”
About MoneyGram General MoneyGram General, a heading tellurian income send association, enables consumers who have been not entirely served by normal monetary institutions to encounter their monetary needs. MoneyGram offers income send services worldwide as good as check remuneration services in a United States by a tellurian network of some-more than 227, 000 representative locations–including retailers, general post offices as good as monetary institutions–in some-more than 190 countries as good as territories around a world. To sense some-more about income send or check remuneration during an representative place or online, greatfully revisit www.moneygram.com or bond with us upon Facebook.
SOURCE: MoneyGram General
MoneyGram General Hong Kong — Sabrina Chan sabrinachan@moneygram.com
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