May 17, 2010

Canada Post rolls out MoneyGram across entire network

OTTAWA--Canada Post is now offering the MoneyGram money transfer service across virtually its entire network of government-owned post offices and retailer-owned post outlets. MoneyGram announced on May 12, 2010 that Canada Post had added over 3,000 locations to the 3,000 locations that already offered MoneyGram transfers.

The only Canada Post offices that don’t offer MoneyGram are very small rural Post offices that do not have a computer.

Mike Bicknell, director of strategic accounts at Minneapolis-based MoneyGram, tells Payments Business that Canada Post is now the money transfer firm’s biggest Canadian retail network.

Apart from Canada Post, MoneyGram is also available at a number of pharmacy chains across Canada as well as at convenience stores.

Canada Post first started offering MoneyGram transfers at its post offices in 2003. In 2008, it agreed to extend MoneyGram across its entire network of Canada Post-owned offices and also retailer-owned postal outlets.

“MoneyGram is fully integrated with the post office point-of-sale systems,” says Bicknell. “At this time, customers can only use cash to make a MoneyGram transfer at Canada Post, but this may change when Canada rolls out chip-and-PIN based debit cards.”

Neither MoneyGram nor Canada Post was willing to disclose transaction volumes.

To celebrate the expansion of acceptance at Canada Post, MoneyGram is offering special pricing on transfers from any MoneyGram agent location in Canada to anywhere in the world. Between May 1 and July 31, 2010, the fee for money transfer sends of up to C$500 CAD is only C$8.00.




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