MoneyGram International responds to disaster in Pakistan

In response to the devastation caused by ongoing flooding in Pakistan, MoneyGram International (NYSE: MGI) announced today it is donating $3 from qualifying remittances to the country for relief efforts managed by the Pakistan Red Crescent Society. Aug. 20 through Sept. 20, $3 USD from each transaction made to Pakistan will be donated to the American Red Cross to support relief efforts in Pakistan. Participating countries include:
Australia Canada Cyprus France Germany Greece Italy Spain United States United Kingdom Bahrain Kuwait Oman Saudi Arabia United Arab Emirates
"The situation in Pakistan is one of the worst in recent memory and we want to do something to help people whose lives which have been devastated by the floods," said Juan Agualimpia, MoneyGram's chief marketing officer. "We are maximizing our $3 per transaction donation by implementing it in MoneyGram's leading send countries to Pakistan. We encourage our customers in these regions and throughout the world to join us in assisting the people of Pakistan who have lost so much as a result of the floods."
All MoneyGram agents in Pakistan, including Bank Al Falah, MCB Bank and Wall Street Exchange, are currently conducting business and thus recipients can readily collect remittances. For information on agent locations, visit www.moneygram.com. In addition to sending through agents, customers in the U.S. can also send money online at www.moneygram.com and the $3 donation will apply.
"Remittances to Pakistan naturally increase during this time of Ramadan and Eid celebrations. We trust that will continue, making our mission to help Pakistanis even more successful," added Agualimpia.
Last year, MoneyGram's $1 million of community support included global relief efforts after disasters in El Salvador, India, Indonesia, the Philippines, Samoa and Tonga. The company also provides approximately $500,000 in grants annually to non-profit organizations to support communities for microfinance programs, essential education in addition to disaster relief.
Background Information
MoneyGram International
MoneyGram is a global provider of innovative money transfer and payment services. We connect family and friends around the world by providing a convenient and reliable financial connection for life’s essentials and daily needs. Our services are available in 200 countries and territories.