MoneyGram Renews Contract with U.K. Post Office

Global payment services and money transfer company MoneyGram has extended its contract with the Post Office in the United Kingdom.

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The partnership between the two institutions has allowed customers to send and receive money at over 11,500 U.K. post offices for the past 17 years, according to a March 24 press release. MoneyGram has similar agreements with over 30 post offices worldwide.

In February, Dallas-based MoneyGram began the process of reorganizing its executive lineup to increase operating efficiency. The company is aiming to reach $2 billion in annual revenue by 2017.


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