MoneyGram Expands Network With Agricultural Bank Of China

Consumers in China now have more convenient access to money transfer services than ever before through MoneyGram (MGI), a global provider of innovative money transfer and payment services.

The company has reached an agreement with Agricultural Bank of China that will enable customers in the most remote areas of the country to receive and send cross-border remittances.

"MoneyGram is proud to work with Agricultural Bank of China, one of the largest state-owned commercial banks in the country," says Alex Holmes, MoneyGram's chief financial officer and chief operating officer. "The new relationship will play a key role in helping MoneyGram achieve its goal of expanding its network to consumers in all corners of the country, both urban and rural."

China is the second-largest receive country in the world. According to the World Bank, $64 billion dollars flowed into China last year. MoneyGram's expansive network of more than 20,000 locations in China provides convenient and reliable money transfer access for our customers in some of the smallest towns and in the largest cities.


Top stories from across the globe

  • The Future of Banking: Truth is Rarely Pure and Never Simple
  • Top Money Manager: «We Avoid Tesla Because of Elon Musk»
  • 1MDB and the Affected Banks: 100 Headlines
  • The Man Who Turned Down Marilyn Monroe
  • The Seven Conditions for Good Succession
  • The (Slow) Death of U.K. Investment Banks

PHOTO GALLERIES Networking Event Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary


Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with – email us on – All communication is completely confidential and strictly anonymous.