MoneyGram (NASDAQ: MGI), a leading global money transfer and payment services company,announced that it will align with six Indian community associations in Sydney and Melbourne to support their community efforts and create greater awareness and understanding of MoneyGram’s innovative money transfer services such as account deposit services to all major banks in India.
MoneyGram will work with Gujarati Samaj NSW, Super Sikhs Sports Club, Melbourne Malayalee Federation VIC, Sydney Malayalee Association NSW, Sydney Tamil Manram NSW and Sydney Telugu Association NSW to help support the Indian communities in the cities.
“We are delighted to have this opportunity to engage withthe Indian community through these active associations,”said Michael Minassian,MoneyGram’s senior regional director.“Through this program, we hope to educate consumers about MoneyGram’s quick and reliable account deposit services and other products we offer so that they can send money to their loved ones in India.”
MoneyGram’s account deposit service taps into the Indian banking payments network, the NEFT network. Through Axis Bank, MoneyGram provides its customers around the globe with access to the efficiency and speed of the India NEFT network to send international money transfers directly into rupee-denominated bank accounts. Customers can send funds through MoneyGram to all major banks in India including Axis Bank, Punjab National Bank, ICICI, HDFC, State Bank of India (SBI) and many more.
MoneyGram currently offers a $0 transfer fee from Australia over AUD $1,000 to a bank account in India. A currency exchange rate set by MoneyGram or its agent applies.
About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, they connect consumers any way that is convenient to them. They also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.