MoneyGram Expands Money Transfer Services with Mexico's Farmacias Guadalajara Business Wire
go to original October 14, 2013

Deal adds more than 1,000 locations in Mexico

GUADALAJARA, Mexico - MoneyGram, a leading global money transfer company, has formed an alliance with Farmacias Guadalajara, that now allows MoneyGram services to be offered at more than 1,000 of the drugstore chain's locations around the country.

With this agreement, customers across Mexico are now able to receive funds from friends and family members through MoneyGram's robust network of agents around the world.

"Mexico is one of the top recipients of remittances in Latin America, and we're working with Farmacias Guadalajara to meet our consumers' current and future needs by expanding our services in the country," said Pedro Saro, vice president Mexico, Latin American and Caribbean at MoneyGram. "This agreement will give consumers throughout Mexico more locations from which to receive the support they need."

According to the World Bank, Mexico ranks third on the list of worldwide countries that receive the largest amount of inbound transfers, and receives an estimated $22.5 billion yearly from the U.S. alone.

Read the rest at WSJ.com

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