Strategy & Practice Management

MoneyGram Announces Three-Year Extension to Partnership with SBI Remit

MoneyGram International, Inc, a global leader in cross-border P2P payments and money transfers, today announced a three-year extension to its partnership with SBI Remit Co., Ltd., one of the Company's key partners in Japan.

For over a decade, MoneyGram and SBI Remit have delivered innovative and affordable money transfer services to meet the evolving needs of their combined customer base through both digital and walk-in channels. As MoneyGram continues its expansion across the Asia-Pacific, this extension marks a key milestone for MoneyGram in the region, the firm said in a press release.

Grant Lines, Global Chief Revenue Officer, MoneyGram, said: “We are excited to extend our partnership with SBI Remit for three more years as we continue to expand across the Asia-Pacific and enable more customers to send and receive money to and from family and friends around the world. Through strategic partnerships with companies like SBI Remit, we continue to focus on customer experience initiatives as well as enhancing options to meet the evolving needs of consumers.”

Nobuo Ando, Representative Director, SBI Remit, said: “MoneyGram became our first international remittance partner in November of 2010, and we are extremely excited about a renewed relationship with our trusted brand partner. At SBI Remit, we have extended options for customers to deposit cash on to their Remit cards. Through services like this, we will continue to offer customers in Japan more convenience sending money back home through MoneyGram.”