MoneyGram and Mozido Expand Relationship around Mobile Services

Solutions enable easy and secure transactions from mobile phones

DALLAS--(BUSINESS WIRE)-- MoneyGram International (NYSE: MGI), a leading global money transfer company, announced today it has expanded its relationship with Mozido to include its remittance transfer services for approved Mozido mobile wallet applications. The new MoneyGram services are in addition to Mozido’s current gateway services’ arrangement with MoneyGram.

“The Mozido-MoneyGram collaboration continues to be successful and we are excited about our expanded global relationship. Mozido’s global mobile wallet technology services give us greater reach and the ability to provide our services with an extra level of convenience for consumers who prefer to interact in the mobile channel,” said Pamela H. Patsley, MoneyGram chairman and chief executive officer.

Mozido has been a mobile gateway provider for MoneyGram since December 2009, when MoneyGram announced its relationship with SMART in the Philippines to enable cross-border remittances to SMART’s more than 40 million mobile subscribers.

“Mozido is a leader in mobile wallet services technology and the ability to certify Mozido to MoneyGram’s global remittance platform further strengthens those leading capabilities,” said Rick Braddock, chairman of Mozido. “The combination of Mozido’s mobile wallet services and MoneyGram’s global network truly offers consumers an enhanced mobile transaction experience. We look forward to offering this service to our clients around the globe.”

Mozido’s Global Cloud Payment Network provides enhanced mobile multi-channel transaction services to its customers. Mozido’s platform works on a variety of hardware systems and with virtually any mobile network operator, which includes CDMA and GSM.

About Mozido
Founded in 2007, Mozido provides a multi-channel transaction platform for use and adaptation by retailers, mobile operators and financial institutions. Mozido offers solutions that enable transactions all from the convenience of a mobile phone, for businesses serving banked and unbanked customers alike. For more information, visit www.mozido.com.

About MoneyGram
MoneyGram International, Inc. (NYSE: MGI) is a leading global payment services company. The Company provides consumers with an efficient and secure way to send and receive money globally, make urgent bill payments and purchase money orders. MoneyGram's products and services are conveniently available through more than 256,000 agent locations in 192 countries and territories. Certain products and services are also available online. For more information, visit the Company's website at www.moneygram.com or on Facebook.

CONTACT:

MoneyGram International
Media Contact:
Patty Sullivan/Sean Tuffnell
214-303-9923
media@moneygram.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:   Technology  Mobile/Wireless  Professional Services  Banking  Finance

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