MoneyGram and Tesco Bank launch new international online money transfer platform

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced the launch of a new international online money transfer platform in partnership with Tesco Bank. The platform allows MoneyGram and Tesco customers to set up their transactions online and then pay by cash or card at Tesco stores. This new service allows customers to easily send money abroad, reduces the process time and eliminates the need to complete paperwork in-store. This is being introduced at a time when an increasing amount of money is being digitally transferred from the UK to overseas destinations.  

The launch of this new capability is an important milestone for the partnership between MoneyGram and Tesco Bank, which was formed over seven years ago. The new service has now been introduced to 129 Tesco Express stores across the UK, adding to the existing 810 stores that currently offer the service. Full roll-out to around 1,500 Tesco Express stores is expected over the next 18 months.  

“We are continually evolving our customer proposition through our leading digital capabilities and customer-centric solutions,” said Richard Meredith, Head of UK Key Partnership at MoneyGram. “This solution is a key milestone in our ongoing collaboration with Tesco Bank in being able to offer a seamless, digitised experience for customers.”  

Sigga Sigurdardottir, Chief Customer Officer at Tesco Bank added: “There are millions of people across the UK sending money abroad to help loved ones with everyday needs or in times of emergency. Our goal is to help Tesco shoppers manage their money a little better every day, and this enhancement to our partnership with MoneyGram lets customers send money overseas even more efficiently than before.”  

For more information and to start sending money through the platform, visit tesco.moneygram.com.  

About MoneyGram International, Inc. 

MoneyGram is a global leader in cross-border P2P payments and money transfers. Its consumer-centric capabilities enable family and friends to quickly and affordably send money in more than 200 countries and territories, with more than 75 countries now digitally enabled. 

MoneyGram leverages its modern, mobile, and API-driven platform and collaborates with the world's leading brands to serve millions of people each year through both its walk-in business and its direct-to-consumer digital business. 

With a strong culture of innovation and a relentless focus on utilizing technology to deliver the world's best customer experience, MoneyGram is leading the evolution of digital P2P payments. 

For more information, please visit moneygram.com and follow @MoneyGram. 

About Tesco Bank   

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers manage their money every day. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. Tesco Bank participates in the Chartered Banker Professional Standards Board. 

Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. SC173199. Registered Office: 2 South Gyle Crescent, Edinburgh, EH12 9FQ 

MoneyGram Media Contact:
media@moneygram.com  

Tesco Media Contact:
Stuart.z.taylor@tescobank.com  

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