MoneyGram International announces low money transfer fees

MoneyGram International announces low money transfer fees

PanARMENIAN.Net - MoneyGram International, a money transfer company, announced significant lower fees for money transfers from Russia to CIS and Israel, effective May 1, 2010, coinciding with the Labor Day holiday celebration across Russia and the CIS. The lower fees are intended to make MoneyGram money transfer services more affordable for CIS immigrant workers in Russia who

remit money back home to support family members. The new fees will be offering our customers greater choice, convenience and reliability.

“MoneyGram has steadily grown its network across Russia and the CIS region to provide fast, convenient and reliable money transfer services to a global network of over 190 countries and territories,” said Peter Hnatiuk, MoneyGram’s Regional Director for Russia, the CIS and Israel. “The Central Bank of Russia estimates workers in the region send more than $18 billion from Russia to the CIS. Our lower fees will encourage anyone who hasn’t tried MoneyGram services yet to discover how convenient, safe and affordable our service is. For our current customers, this new pricing will give them even greater value.”

MoneyGram fees from Russia to CIS start from just $2* USD to send up to $100 USD, $5* USD to send $300 USD or $8* USD to send $500 USD to Armenia, Belarus, Moldova, Georgia, Ukraine, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Israel.

Hnatiuk added, “The new low fees are very competitive and provide a strong compelling reason to use MoneyGram to send funds to the CIS and Israel.”

MoneyGram’s extensive network in Russia includes Rosbank, Uralsibbank, Raiffeisenbank, Moscomprivatbank, Vostochniy Express, Russian Standard Bank, Asia-Pacific Bank and others. In addition, funds can be collected at over 160 CIS banks with more than 14,000 locations throughout the entire region.

MoneyGram International offers more choices for people separated from friends and family by distance or those with limited bank relationships to meet their financial needs. A leading global provider of money transfer services, MoneyGram International helps consumers to safely send money around the world with funds arriving at available agent locations in as little as 10 minutes, subject to agent hours and availability. Its global network is comprised of 190,000 agent locations in more than 190 countries and territories. MoneyGram’s convenient and reliable network includes retailers, international post offices and financial institutions.

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