Agreement enables customers to send and receive funds

BANGKOK, Thailand (Dec. 4, 2014) (GLOBE NEWSWIRE) -- MoneyGram (NASDAQ:MGI), a leading global money transfer company, today announces an agreement with Thailand-based Government Savings Bank (GSB) to provide money transfer services in over 1,000 GSB locations across Thailand by the end of 2014. As a result of the agreement, MoneyGram services will be available at nearly 2,000 locations across the country, in all provinces.

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"Collaborating with Government Savings Bank is an important milestone for MoneyGram as we work to expand across Thailand and provide greater access to affordable money transfer services," said Yogesh Sangle, MoneyGram's senior regional director for Asia. "It more than doubles the number of places for residents to connect with friends and family members in Thailand and makes using our services more convenient."

MoneyGram's agreement with GSB extends the company's network in a key remittance market. According to The World Bank, inbound remittances to Thailand totaled nearly $6 billion in 2013 alone.

GSB is a juristic person and state enterprise, and operates as a financial institution guaranteed by the government under the supervision of the Ministry of Finance. GSB offers a broad range of financial services, including micro-financing to rural and urban customers, and operates in more than 1,000 branches throughout the country.

About MoneyGram International, Inc.

MoneyGram, a leading money transfer company, provides essential services to consumers who are not fully served by traditional financial institutions. MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 347,000 agent locations, including retailers, international post offices and banks. MoneyGram also offers bill payment services, issues money orders and processes official checks in select markets. 


CONTACT: Media Contact:

         Michelle Buckalew

         214-979-1418

         Media@moneygram.com

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