TEGUCIGALPA, Honduras (Dec. 11, 2012) - MoneyGram (NYSE:MGI), a leading global money transfer company, and Banco de Occidente, one of the best known banks in Honduras, today signed an agreement to offer international money transfer services at more than 100 Banco de Occidente branches located throughout the country, increasing the total number of MoneyGram locations in Honduras to more than 1,000.

The relationship with Banco de Occidente represents more than a 10 percent increase in MoneyGram's Honduran network, which enables customers to send and receive funds in rural and urban parts throughout the country.

"MoneyGram's global presence, coupled with our broad market share within Honduras will ensure safe, reliable and fast access to money transfer options for our customers," said Don Jorge Bueso Arias, president and general manager, Banco de Occidente. "We currently operate in more than 100 locations throughout Honduras with excellent services to all our customers. Our relationship with MoneyGram will ensure customers continue to have positive money transfer experiences."

"Retaining and extending existing agent relationships is a strategy directly related to the continued success, customer focus and revenue-building of MoneyGram as a whole," said Pedro Saro Campos, vice president Mexico and Latin America, MoneyGram. "Our agreement with the best-known bank in Honduras is a clear sign that our relationship will bring value to Banco Occidente's business and customers."

According to Banco Central de Honduras - the Central Bank of Honduras -the remittances market grew 7.8 percent from 2011 to 2012 for funds sent from the United States into the country.

According to the World Bank, 2011 witnessed the highest amount of remittances received in Honduras' history, with most remittances coming from Honduran migrant workers living in the United States.

About MoneyGram
MoneyGram, a leading global money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs.  MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 293,000 agent locations-including retailers, international post offices and financial institutions-in 197 countries and territories around the world.  To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.

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About Banco de Occidente
Banco de Occidente is a financial institution with solid prestige and leadership in Honduras, with over 60 years of history and with the widest coverage across Honduras with over 170 points in its network including regional offices, branches, agencies and box offices around the country, which guarantees its customers the best support, polite and personalized service, and solidarity support.

Global Media Contacts:
Mike Gutierrez/Sophia Stoller
214-303-9923
media@moneygram.com


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