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MoneyGram International signs Cebuana Lhuillier Financial Services as direct agent in PH

Posted by on Nov 19th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

By US News Agency / Asian

MoneyGram International (NYSE: MGI), a leading global money transfer company, on Thursday announced Cebuana Lhuillier Services Corporation (CLSC) as a direct agent in the Philippines .

More than 1,200 Cebuana Lhuillier branches offer MoneyGram’s service nationwide through its Cebuana Pera Padala remittance service. Cebuana Lhuillier has been MoneyGram’s sub-agent for five years prior to this direct agent partnership.

“Being a direct MoneyGram agent in the Philippines marks an important milestone for Cebuana Lhuillier,” said CLSC president Jean Henri Lhuillier.

“MoneyGram’s commitment to provide people with a premium money transfer service, together with Cebuana Lhuillier’s robust network, helps many of our overseas Filipino workers send their funds quickly and safely to their families in the Philippines,” said Lhuillier.

“One of the key focuses of our service is to provide affordable, reliable and highly convenient services to Filipinos around the globe, who rely on remittances for daily needs,” said Nick Cunnew, MoneyGram’s senior regional director for Asia Pacific.

“With so many Cebuana Lhuillier locations, we know customers can have a convenient location for fund pick that is close to home or work.”

Additionally, select Cebuana Lhuillier branches now offer US dollar cash payout to meet its customers’ needs. The company has received positive customer feedback that USD cash payout enhances the money transfer service and meets financial needs of remittance recipients.

The Philippines’ largest pawnshop chain, Cebuana Lhuillier Pawnshop, began as a four-pawnshop outlet in Metro Manila in the mid-1980s. Cebuana Lhuillier Pawnshop today has branches spread all over the Philippines with more than 1,200 locations in the country.

MoneyGram International, a leading 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 through a global network of more than 207,000 agent locations-including retailers, international post offices and financial institutions-in more than 190 countries and territories around the world.

MoneyGram is a leading global payment services company with the core vision of helping people and businesses by providing affordable, reliable and convenient payment services.

MoneyGram brand is recognized throughout the world. It is committed to bringing greater control and choice to its customers.