SIP Trunking News

TMCNet:  MoneyGram adds Halawi Investment Trust to network

[December 06, 2012]

MoneyGram adds Halawi Investment Trust to network

Dec 06, 2012 (Datamonitor via COMTEX) -- MoneyGram, a provider of money transfer services, has added Halawi Investment Trust SAL, or HIT, member of Halawi Holding, to its network, bringing the total number of MoneyGram locations in Lebanon to nearly 800.

Richard Meredith, MoneyGram's senior director of the Middle East, Pakistan and Afghanistan, said: "Lebanon is a growing market for us. Signing this agreement with Halawi Investment Trust provides access to MoneyGram's services in virtually every corner of this growing market. With HIT, we are able to provide our customers with another respected and convenient option for sending and receiving funds." According to the World Bank, an estimated $8.4 billion in remittances flowed into Lebanon in 2010. To meet the growing demands for money transfer services, MoneyGram continues to expand its locations that offer money transfer services across Lebanon, the company said.

Mahmoud Halawi, HIT's founder and chairman, said: "Our agreement with MoneyGram means that we now have a complete offering of financial services for the Halawi group of companies to offer its customers. HIT strives to provide its customers with solutions they can trust and continues to establish its leadership position in the Lebanese market by offering reliable and convenient financial services. Our goal is to provide our customers with cutting edge financial products that will improve their lives." Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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