Muthoot ties up with money gram

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As part of strengthening its position in the money transfer business, gold loan financier Muthoot Fincorp Ltd has entered into an alliance with global instant money transfer brand MoneyGram through UAE Exchange.

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Muthoot ties up with money gram

  1. 1. Muthoot ties up with MoneyGram www.muthootfincorp.com
  2. 2. <ul><li>As part of strengthening its position in the money transfer business, gold loan financier Muthoot Fincorp Ltd has entered into an alliance with global instant money transfer brand MoneyGram through  UAE Exchange . </li></ul>
  3. 3. <ul><li>The alliance between Muthoot Fincorp, a part of the Muthoot Pappachan Group, and MoneyGram will further extend the latter's strong payout network in India. </li></ul>
  4. 4. <ul><li>The tie-up is expected to between the two companies will </li></ul>
  5. 5. <ul><li>enable faster and easier instant money transfer services to the Indian expatriate community across the globe. </li></ul>
  6. 6. <ul><li>Muthoot Fincorp chairman and managing director Thomas  John Muthoot  said that the expatriate community would be particularly benefitted by the alliance which would help them send money home within minutes. </li></ul>
  7. 7. <ul><li>&quot;In order to be among the top money transfer agents, we have taken initiatives to tie up with prominent money transfer companies. Muthoot Fincorp, with more than 1,500 outlets in India, will provide services to MoneyGram customers. </li></ul>
  8. 8. <ul><li>&quot;This strategic alliance will also combine the strengths of both companies - MoneyGram's global presence and Muthoot Fincorp's widespread branches all over India,&quot; Thomas Muthoot said. </li></ul>
  9. 9. <ul><li>Muthoot Fincorp designated as a NBFC, is a mass provider of finance in the form of gold loans and a host of other financial products. The company serves an average of 40,000 customers a day. It </li></ul>
  10. 10. <ul><li>currently has agreements in place for money transfer services with  Western Union  Money Transfer, XPRESS Money, EzRemit and Transfast. </li></ul>
  11. 11. Contact Us <ul><li>www.muthootfincorp.com </li></ul><ul><li>www.muthoot.com </li></ul>

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