MoneyGram extends partnership with Canada Post another five years

By Pavithra R

MoneyGram International, a global leader in cross-border P2P payments and money transfers, has announced a five-year extension to its partnership with Canada Post.

The renewal allows MoneyGram customers to continue to transfer money and pay bills at over 5,000 Canada Post locations throughout Canada and through the company’s online channel and leading mobile app.

“We are thrilled to extend our partnership with Canada Post for five more years as we continue to execute our plan to grow the largest retail partnerships in major markets. For nearly two decades, MoneyGram and Canada Post have collaborated to enable customers in Canada to easily send or receive money to and from family and friends across the globe. Over the years, we have become Canada Post’s preferred partner given the strength of our brand, the breadth of our global platform, and our collaborative strategy to further improve customer experience. The length of the contract term is a testament to the strength of our partnership, and I’m excited about the growth potential ahead,” said Alex Holmes, MoneyGram Chairman and CEO.

Canada’s annual immigration currently amounts to over 300,000 new immigrants, one of the highest rates per population of any country in the world. As such, Canada is a significant market for both MoneyGram and Canada Post, and the organizations will continue to collaborate to meet the fast-growing needs of their mutual customers.

“MoneyGram is a strong partner, and we’re thrilled to extend our successful relationship another five years. Our large customer base continues to demand this critical service so that they can quickly and conveniently transfer money back home. We have a robust strategy in place, and I’m excited about the opportunities ahead for further growth and customer-centric collaboration,” said John Reis, General Manager Retail at Canada Post.

Established since 1940, MoneyGram International is an American money transfer company providing innovative money transfer and payment services. Its consumer-centric capabilities enable consumers to transact money in more than 200 countries and territories, with over 70 countries now digitally enabled.