MoneyGram Announces New Flagship Store in Washington Heights

Residents of New York’s Washington Heights neighborhood who patron the local MoneyGram store to send money to family, friends or pay bills were recently confronted with a surprise – MoneyGram was gone. The company’s flagship store has relocated one block east to 503 West 181^st Street. The new MoneyGram shop is expected to generate more foot traffic, as eight city bus lines stop near the area every seven minutes.

MoneyGram (NYSE:MGI), a leading global money transfer provider, gathered today at its new Washington Heights location, which also will house the company’s New York administrative offices, for an event to celebrate the move. MoneyGram officials Pete Ohser, vice president of retail chains; Juan Melendez, vice president of partnership sales; Robert Taylor, director of regional partnerships; and Carlos Viscarra, manager of regional partnerships attended the ceremony, along with members of the local community.

"We love this neighborhood and we’re thrilled our move was only down the street,” said Melendez. "MoneyGram didn’t move far, but it’s a move that will go a long way in helping us create a more efficient operating environment with improved customer service. The short move ensures we remain just as convenient for our current customers and become visible to new customers.”

The Washington Heights neighborhood is comprised of several ethnic groups, predominately from the Dominican Republic. New York City is considered the top send corridor for the Dominican Republic. Other key remittance markets served by the store are Ecuador, Mexico and Honduras. In addition to the new flagship retail location, MoneyGram operates 15 more branches throughout New York City.

About MoneyGram International
MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers bill payment services in the United States and money transfer services worldwide through a global network of more than 256,000 agent locations -- including retailers, international post offices and financial institutions -- in 192 countries and territories. To learn more about money transfer or bill payment at an agent location or online, please visit http://www.moneygram.com or connect with us on Facebook.