MoneyGram extends its support to 1,3 million Filipino community
by offering a flat transfer fee of just 15
SAR for any money transfer sent back home until July 6th, 2016
RIYADH, Saudi Arabia,
May 1, 2016 /PRNewswire/ -- MoneyGram
(NASDAQ: MGI), a global transfer and payment services company has
introduced a low fee of just 15 Saudi Arabian Riyals (approx.
$4 USD), on any money transfers sent
from the Kingdom of Saudi Arabia
to Philippines. The fee is flat
regardless of the amount being sent and the promotion is valid
until July 6th, 2016. What
is even more important – there are no so-called "backend
fees"*.
Logo - http://photos.prnewswire.com/prnh/20150730/251082LOGO
This new flat fee is designed to support Filipinos in Saudi
sending money back home to support their families and friends for
their daily needs and life's essentials. They can now transfer
money at a minimal fee to any of 11,000 agent locations where
receiving customers may enjoy the excellent service of MoneyGram.
The cash might be picked-up in just 10 minutes, subject to the
agent operating hours and compliance with the regulatory
requirements.
"We have dramatically lowered fees to appreciate hard working
Filipino migrants" – said Maher
Haddad, Senior Regional Director of MoneyGram for
Middle East, Pakistan and Afghanistan. "At the same time we guarantee
that at the other end the receiving customer in Philippines will not be surprised by any
backend fees" – he added.
Another benefit for customers comes from very competitive
currency exchange rates, updated daily to ensure that customers of
MoneyGram are offered the excellent value. The sends from Saudi to
the Philippines can be made from
any of the 170 outlets and more than 2,900 ATM machines through
QuickPay and the Fawri networks.
The face of the campaign is Robin
Padilla, renowned Filipino film director, screenwriter,
producer, martial artist, and actor. He can be found on MoneyGram
posters and promotional materials in agent stores, Saudi
newspapers, an internet, and The Filipino
Channel (TFC).
The Philippines is one of the
largest recipients of money transfers from the Kingdom of Saudi Arabia. According to the
World Bank, in 2015 Filipino migrants sent back home the equivalent
of $3.2 billion USD.
About MoneyGram International, Inc.
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.
Media Contact:
Michelle Buckalew,
media@moneygram.com,
+1 214-979-1418
*Backend fee means the processing fee or any other fee that may
be charged to recipients of money transfer service in the Philippines but excludes any fee which may
be charged to a recipient by a competent local authority in the
Philippines.