MoneyGram Supports the Indian Community in Australia

MoneyGram Supports the Indian Community in Australia

7MoneyGram (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


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 International can further be contacted at-

P: +612 826 85915

M: +61 497 555 490

Level 4, 10 Spring St Sydney

Sydney NSW 2000, Australia

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