MoneyGram expands to 30 more countries

— MoneyGram(NYSE: MGI), a leading global money transfer company, announced that it has added 30 countries to its direct-to-account (or cash-to-account) service for funds sent to the Philippines. Previously, the direct-to-account service was available only for customers sending funds from the United States to the Philippines.

This service enables customers to send needed funds directly into their family and friends’ bank accounts at any of the participating 20 banks in the Philippines, including: Banco De Oro (BDO), Allied Bank, Asia Trust, Asia United Bank, Bank of Commerce, BPI, China Bank, Citibank, DBP, East-West Bank, HSBC, Land Bank, Maybank, Metrobank, PNB, Planters Bank, RCBC, Security Bank, Union Bank, and UCPB.

Customers can now send funds to the Philippines from Aruba, Australia, Bahamas, Belgium, British Virgin Islands, Brunei, Cambodia, Cayman Islands, Cyprus, France, Germany, Greece, Haiti, Hong Kong, Ireland, Israel, Italy, Japan, Lebanon, Luxembourg,Maldives, Marshall Islands, New Zealand, Netherlands, Singapore, Spain, Trinidad, Turks and Caicos Islands, and the U.K.

“This expansion is a strong demonstration of our commitment to better serve the needs of Filipinos living and working overseas and their beneficiaries in the Philippines,” said Jonathan Diokno, senior vice president and head of BDO Remittance Origination. “Our relationship with MoneyGram, one of the world’s leading remittance companies, boosts our efforts to increasingly reach the more than eight million Filipinos living abroad.”

“There is a growing demand for Filipinos living in these countries to send money to their families in the Philippines,” said Nick Cunnew, MoneyGram’s vice president for Asia Pacific. “To support that demand, our expanded technology helps Filipinos living in these countries transfer funds directly into their families’ bank accounts.”

MoneyGram Direct-to-Account

Bank holders at participating banks can collect funds at the bank and recipients can withdraw money from more than 7,000 BDO, Expressnet, Megalink and BancNet ATM’s nationwide. [Subject to bank’s hours of operation and local regulations.]