KUALA LUMPUR, Oct 16 -- LuLu Money, a leading name in foreign exchange & money transfers and MoneyGram, a global leader in cross-border P2P payments & money transfers have announced their partnership in Hong Kong.
The partnership will enable millions of consumers in Hong Kong to send and receive money at any LuLu Money location and connect to the global MoneyGram distribution network that spans over 200 countries and territories.
“The remittances industry plays a significant role in connecting communities and families, and by offering our network as a payout centre of MoneyGram, we aim to make the process of money transfer more accessible, cheaper and convenient for millions of Hong Kong residents,” LuLu Financial Group Managing Director, Adeeb Ahamed said in a statement.
Meanwhile, MoneyGram Chairman and Chief Executive Officer, Alex Holmes said partnership with LuLu Money continued to grow since they announced the integration earlier this year. Given their collaborative successes, they are excited to expand the partnership further in Hong Kong.
LuLu Money which currently has a strong presence in Hong Kong, operates five branches, all of which are located at prominent and accessible locations.
LuLu Money (Hong Kong) is a part of the Abu-Dhabi based financial services provider LuLu Financial Group, operating over 220 branches in 11 countries.
The company is a major payments player in the Philippines and Malaysia, serving over two million customers in the APAC region.
-- BERNAMA
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