MoneyGram and Bank of South Pacific Sign Agreement Featured
16 September, 2015. MoneyGram a global provider of innovative money transfer and payment services announces today that the company has reached an agreement with Bank of South Pacific that will enable customers in Samoa and Tonga to receive cross-border remittances.
"While we continue to see growth in the economies in Samoa and Tonga, many of the citizens are still dependent on remittances from family members from around the world to help with daily expenses," says Michael Minassian, MoneyGram's senior regional director for Australia and Oceania.
"We are happy to continue to meet and service the money transfer needs of our customers with the MoneyGram product," says Paul Thornton, general manager of retail at Bank of South Pacific.
According to the World Bank, more than USD200 million is sent to Samoa and Tonga annually, most of which comes from Australia, New Zealand and the United States.
The new agreement with Bank of South Pacific was completed after the bank purchased the banking operations of Westpac Banking Corporation in several Pacific markets.
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. More information about MoneyGram International, Inc. is available at moneygram.com.
Source: MoneyGram
