MoneyGram extends its support to 1,3 million Filipino community by offering a flat transfer fee of just 15 SAR for any money transfer sent back home until July 6th, 2016
RIYADH, Saudi Arabia, May 1, 2016 /PRNewswire/ -- MoneyGram (NASDAQ: MGI), a global transfer and payment services company has introduced a low fee of just 15 Saudi Arabian Riyals (approx. $4 USD), on any money transfers sent from the Kingdom of Saudi Arabia to Philippines. The fee is flat regardless of the amount being sent and the promotion is valid until July 6th, 2016. What is even more important – there are no so-called "backend fees"*.
This new flat fee is designed to support Filipinos in Saudi sending money back home to support their families and friends for their daily needs and life's essentials. They can now transfer money at a minimal fee to any of 11,000 agent locations where receiving customers may enjoy the excellent service of MoneyGram. The cash might be picked-up in just 10 minutes, subject to the agent operating hours and compliance with the regulatory requirements.
"We have dramatically lowered fees to appreciate hard working Filipino migrants" – said Maher Haddad, Senior Regional Director of MoneyGram for Middle East, Pakistan and Afghanistan. "At the same time we guarantee that at the other end the receiving customer in Philippines will not be surprised by any backend fees" – he added.
Another benefit for customers comes from very competitive currency exchange rates, updated daily to ensure that customers of MoneyGram are offered the excellent value. The sends from Saudi to the Philippines can be made from any of the 170 outlets and more than 2,900 ATM machines through QuickPay and the Fawri networks.
The face of the campaign is Robin Padilla, renowned Filipino film director, screenwriter, producer, martial artist, and actor. He can be found on MoneyGram posters and promotional materials in agent stores, Saudi newspapers, an internet, and The Filipino Channel (TFC).
The Philippines is one of the largest recipients of money transfers from the Kingdom of Saudi Arabia. According to the World Bank, in 2015 Filipino migrants sent back home the equivalent of $3.2 billion USD.
About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.
*Backend fee means the processing fee or any other fee that may be charged to recipients of money transfer service in the Philippines but excludes any fee which may be charged to a recipient by a competent local authority in the Philippines.