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by Mercator Advisory Group 0

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Global money transfer company MoneyGram continues to expand its footprint in India. It recently renewed its agreement with India Post to offer MoneyGram’s services at postal offices. In this calendar year, the money transfer company plans to add another 2,000 locations in India on top of the 2,500 locations today.

From The Hindu:

MoneyGram’s Chairperson and CEO Pamela Patsley sees nothing but tremendous opportunities for MoneyGram in India. “We value our relationship with the India Post. It has gone very well. We are very pleased to extend that relationship and want to continue to grow from the 2,500 locations we have with them today.”

The partnership with India Post currently only account for a small percentage of MoneyGram’s business in India, which has about 45,000 locations in India with a presence in every State and Union Territory.

Click here to read more from The Hindu.