MoneyGram Renewed Contract with EZ Money

Date : 1-Aug-2019
Location: Kuala Lumpur

MoneyGram announced the renewal of its partnership with EZ Money, through year 2024 - the contract renewal ensures MoneyGram service availability at all EZ Money branches and agent locations.

MoneyGram offers a software platform which integrates money transferring outlets with financial institutions such as banks over 200 countries, a capacity coined as global omnichannel money transfer platform. Amongst the key strengths are global financial settlement engine, cloud-based infrastructure with APIs for integration and unparalleled compliance program that leads the industry in protecting consumers.

(L-R) Raj Dhorkay, MoneyGram Regional Head, Indo China & Malaysia; Sabrina Chan, MoneyGram Marketing Head, Asia Pacific, South Asia, and Middle East; Yogesh Sangle, MoneyGram Regional Head, Asia Pacific & South Asia; Lim Ching Seng, EZ Money Chief Executive Officer; and Rory Graham Anderson, EZ Money Director during the partnership renewal between MoneyGram and EZ Money

EZ Money, based in KK, Sabah, is the market leader providing international remittance service to migrants in East Malaysia for the past 11 years - as of today, migrants form 15% of workforce in Malaysia - EZ Money largely focuses on East Malaysia.

To venture out to west Malaysia, EZ Money recently secured a collaboration with MBE Business Corporation Sdn. Bhd. MBE is the world's largest franchise network of retail shipping, postal, printing and business service centers and currently has around 100 outlets in west Malaysia.

The synergy of EZ Money-MoneyGram-MBE ensures a force to be reckoned with in the industry.

Lim Ching Seng, CEO of EZ Money, said that being a trusted Class A MSB Principle Licensee, the company is always working towards providing a better financial inclusions to migrant workers and he takes pride in the achievement whereby through the service customers have been able to maintain an affordable long term financial connections between them and their love ones in home countries.