Moneygram Payment Systems Inc., the money transmission company formerly controlled by First Data Corp., was designated exclusive funds transfer provider through United Kingdom post offices.

As of early February, the Moneygram service was available in 800 locations. An additional 700 were to be operating within 30 days as part of a contract with Post Office Counters Ltd., which operates nearly 19,000 postal counters for the U.K. government.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.