Multi-Year Contract Triples Canada Post MoneyGram Money Transfer Locations

Canada Post and MoneyGram International announced a new agreement today that will bring MoneyGram’s money transfer service to 2,000 more Canada Post locations and greatly expand the MoneyGram money transfer agent network throughout Canada. Canada Post, a MoneyGram agent since 2002, offers the money transfer service in 1,000 locations today. As part of the new, multi-year agreement, Canada Post will add the service in an additional 2,000 locations by the end of 2009, tripling the locations offering the MoneyGram money transfer service.

Canada Post is also upgrading to MoneyGram’s latest AgentConnect system which makes it easier to expand the service into more Canada Post locations as well as provide fast service to enhance the customer experience. It takes as little as 10 minutes to send a MoneyGram money transfer around the world, depending on an agent’s hours of operation on the receiving end.

“Our corporate locations and our dealer network are excited about broadening our relationship with MoneyGram,” said John Reis, director, retail general merchandising and logistics at Canada Post. “MoneyGram’s money transfer service brings in new revenue and new customers to our locations and the service is quick and easy.”

“With one of the largest retail networks in the country, Canada Post’s expansion plans help us deliver a truly national network from coast to coast,” said Dan O’Malley, senior vice president and president of the Americas for MoneyGram. “And with its convenient locations and hours of operation, Canada Post truly delivers the convenience that is so important to busy consumers.”

About MoneyGram
MoneyGram International, Inc. (NYSE: MGI) is a leading global payment services company. The company’s major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers. MoneyGram has approximately 157,000 global money transfer agent locations in 180 countries and territories. For more information, visit the company’s website at www.moneygram.com