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Fintech & Ecommerce

MoneyGram announced 5-year extension to Canada Post partnership

Dec 24, 2020

The renewal continues MoneyGram services at over 5,000 Canada Post locations across the country

MoneyGram Canada Post

MoneyGram announced 5-year extension to Canada Post partnership. Source: pexels.com

MoneyGram International has announced a five-year extension to its partnership with Canada Post. This renewal allows MoneyGram customers to continue to transfer money and pay bills at over 5,000 Canada Post locations throughout Canada.

According to data, annual immigration in Canada currently amounts to around 300,000 new immigrants. That’s one of the highest rates per population of any country in the world. As of 2019, there were just under 8 million immigrants with permanent residents living in Canada which equates to roughly 21.5% of the total Canadian population.

We are thrilled to extend our partnership with Canada Post for five more years as we continue to execute our plan to grow the largest retail partnerships in major markets. For nearly two decades, MoneyGram and Canada Post have collaborated to enable customers in Canada to easily send or receive money to and from family and friends across the globe. Over the years, we have become Canada Post's preferred partner given the strength of our brand, the breadth of our global platform, and our collaborative strategy to further improve customer experience. The length of the contract term is a testament to the strength of our partnership, and I'm excited about the growth potential ahead
Alex Holmes, MoneyGram Chairman and CEO

We’ve reported that Matercard’s company Vocalink will be the solution provider for clearing and settlement in Canada’s recent real-time emolument plan, the Real-Time Rail.

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