MoneyGram International announces low money transfer fees

May 1, 2010 – 12:26 AMT 07:26 GMT
PanARMENIAN.Net –

MoneyGram International, a money transfer company, announced
significant lower fees for money transfers from Russia to CIS and
Israel, effective May 1, 2010, coinciding with the Labor Day holiday
celebration across Russia and the CIS. The lower fees are intended to
make MoneyGram money transfer services more affordable for CIS
immigrant workers in Russia who

remit money back home to support family members. The new fees will be
offering our customers greater choice, convenience and reliability.

`MoneyGram has steadily grown its network across Russia and the CIS
region to provide fast, convenient and reliable money transfer
services to a global network of over 190 countries and territories,’
said Peter Hnatiuk, MoneyGram’s Regional Director for Russia, the CIS
and Israel. `The Central Bank of Russia estimates workers in the
region send more than $18 billion from Russia to the CIS. Our lower
fees will encourage anyone who hasn’t tried MoneyGram services yet to
discover how convenient, safe and affordable our service is. For our
current customers, this new pricing will give them even greater
value.’

MoneyGram fees from Russia to CIS start from just $2* USD to send up
to $100 USD, $5* USD to send $300 USD or $8* USD to send $500 USD to
Armenia, Belarus, Moldova, Georgia, Ukraine, Kazakhstan, Kyrgyzstan,
Tajikistan, Uzbekistan and Israel.

Hnatiuk added, `The new low fees are very competitive and provide a
strong compelling reason to use MoneyGram to send funds to the CIS and
Israel.’

MoneyGram’s extensive network in Russia includes Rosbank, Uralsibbank,
Raiffeisenbank, Moscomprivatbank, Vostochniy Express, Russian Standard
Bank, Asia-Pacific Bank and others. In addition, funds can be
collected at over 160 CIS banks with more than 14,000 locations
throughout the entire region.

MoneyGram International offers more choices for people separated from
friends and family by distance or those with limited bank
relationships to meet their financial needs. A leading global provider
of money transfer services, MoneyGram International helps consumers to
safely send money around the world with funds arriving at available
agent locations in as little as 10 minutes, subject to agent hours and
availability. Its global network is comprised of 190,000 agent
locations in more than 190 countries and territories. MoneyGram’s
convenient and reliable network includes retailers, international post
offices and financial institutions.