MONEYGRAM International has recently received a major boost by deepening it's relationship with Post Office UK, with a service offering a delivery time of just ten minutes to approximately 170 countries and territories worldwide.
The service which was previously available in just 3,500 branches is now available in all 14,000 branches of the Post Office. This partnership now makes MoneyGram the largest international money transfer network in the UK.
A new fully computerised service enables customers to send and receive cash at branches too.
Cash can now travel from any post office to 125,000 locations across the world in just ten minutes. Unlike some money transfer services it is not necessary to have a bank account to send or receive a Money Gram money transfer.
Post Office managing director, Alan Cook, said: "Customers using Post Office and MoneyGram trust us to ensure their money arrives safely and quickly at its destination. By extending the service to all our branches we've made it even quicker and more convenient for people across the UK to send and receive cash overseas."
An estimated £2.7 billion is sent overseas from the UK through international money transfer services each year and this is continuing to grow. In many cases cash is being sent to friends and family overseas to cover educational or medical fees, or emergency funds."
Chief Executive Officer at MoneyGram International, said: "The UK is one of the largest remittance markets in the world. The Post Office has been instrumental in helping us develop an extensive network throughout the UK.
Working together we have been able to deliver an affordable, reliable and convenient service that is so important to customers."
For more information on the new MoneyGram service at all Post Office branches, visit www.postoffice.co.uk or call 08457 22 33 44.