RUSSIA WAR AGAINST UKRAINE: MONEYGRAM HALTS ITS SERVICES IN RUSSIA
The Money transfer system operated by the US said on March 11 that it hoped for a “peaceful solution to protect civilians in all affected areas.”
The situation in Ukraine is being closely watched by us with great concern for all those affected. As the humanitarian crisis continues to escalate in the region, we are giving notice to our customers and agents of our decision to suspend services in Russia. We join many voices in expressing our hope for a quick and peaceful solution to protect civilians in all affected areas and we will continue to assess the situation.
The safety of our employees, agents, partners and their families remains our top priority. Our team have been in close contact with our affected colleagues to provide support during this difficult time. We have also increased our support for our partnership with Save the Children, which is actively involved in relief efforts in the region. Last week, moneyGram has approved an emergency grant directed to the Ukraine Relief Fund.
MoneyGram services remain available in Ukraine – both for individuals to receive money in person or digitally directly to their bank accounts. Every day we see more transactions being sent to Ukraine and neighboring countries like Poland as customers are transferring money to their families that are increasingly in need during this crisis.
About MoneyGram International, Inc.
MoneyGram International, Inc. (NASDAQ:MGI), the global leader in developing digital P2P payments, provides innovative financial solutions to connect the world’s communities. With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and pioneering customer-focused capabilities, MoneyGram has grown to serve more than 150 million people in the past five years. The company leverages its modern, mobile and API-based platform and collaborates with the world’s best brands to serve customers through its direct-to-consumer digital channel, global retail network, and embedded financial business for enterprise customers. MoneyGram is also a leading innovator of blockchain-enabled cross-border payment and settlement.