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DALLAS, Dec. 23, 2020 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced a five-year extension to its partnership with Canada Post. This renewal, which runs through December 2025, allows MoneyGram customers to continue to transfer money and pay bills at over 5,000 Canada Post locations throughout Canada, as well as through the Company's online channel (moneygram.ca) and leading mobile app.
"We are thrilled to extend our partnership with Canada Post for five more years as we continue to execute our plan to grow the largest retail partnerships in major markets," said Alex Holmes, MoneyGram Chairman and CEO. "For nearly two decades, MoneyGram and Canada Post have collaborated to enable customers in Canada to easily send or receive money to and from family and friends across the globe. Over the years, we have become Canada Post's preferred partner given the strength of our brand, the breadth of our global platform, and our collaborative strategy to further improve customer experience. The length of the contract term is a testament to the strength of our partnership, and I'm excited about the growth potential ahead."