MoneyGram Introduces Cash to Card Money Transfers in Morocco, Doubles Agent Network in Three African Countries

MINNEAPOLIS, Apr 15, 2009 (BUSINESS WIRE) --
MGI | Quote | Chart | News | PowerRating -- MoneyGram International (NYSE: MGI | Quote | Chart | News | PowerRating) a leading provider of global payment
services, announced today it has expanded its money transfer services in
Morocco with the introduction of a cash-to-card program offered by the
company's agent Credit du Maroc. In addition, MoneyGram has doubled its
network in Kenya, Angola and Ethiopia through several newly signed
agents.

"MoneyGram's growth in Africa is focused on more choices for consumers
to conveniently receive and transfer funds," said Tony Ryan, MoneyGram's
president and chief executive officer. "Morocco and Kenya are among
Africa's leading receive markets and the cash-to-card program in Morocco
is quickly gaining popularity with students and young people who prefer
e-wallet transactions."

Through MoneyGram's cash-to-card program, money transfers sent to
Morocco can now easily be added to Credit du Maroc's prepaid card as
part of a service called Daba Daba Floussek or "Your Money Right Now."
Funds added to the card are available at any of the country's nearly
4,000 automated teller machine locations, extending MoneyGram's reach
into rural villages and large cities across Morocco.

In addition to the launch of cash-to-card in Morocco, MoneyGram also has
been significantly expanding its presence across Africa with key agent
signings in Kenya, Ethiopia and Angola.

In Kenya, MoneyGram signed Kenya Commercial Bank and Kenya Post Bank,
adding more than 200 locations. Through Commercial Bank of Ethiopia,
Dashen Bank and Lion Bank, MoneyGram has added 175 locations to its
network in Ethiopia. And in Angola, the Company has increased its
presence through new agent Banco Sol and the expansion of its
relationship with Banco Poupanca e Credito, adding more than 100
locations.

"We grew our network locations across Africa by 25 percent last year and
added five African countries," added Ryan. "We're continuing our steady
growth in 2009 and are eager to expand our coverage through these new
agent relationships, making money transfer services even more accessible
and convenient to our money transfer customers."

In 2008, MoneyGram began service in the African countries of Algeria,
Angola, Central African Republic, Gabon and Madagascar. MoneyGram
recently celebrated 10 years of service to Morocco and Kenya.

About MoneyGram International, Inc.

MoneyGram International offers more choices and more control for people
separated from friends and family by distance or those with limited bank
relationships to meet their financial needs. A leading global payment
services company, MoneyGram International helps consumers to pay bills
quickly and safely send money around the world in as little as 10
minutes. Its global network is comprised of 176,000 agent locations in
190 countries and territories. MoneyGram's convenient and reliable
network includes retailers, international post offices and financial
institutions. Now, MoneyGram offers its most loyal customers MoneyGram
Rewards for cash discounts on eligible money transfers from the U.S. -
visit www.mymoneygram.com
to register today. To learn more about money transfer or bill payment at
an agent location or online, please visit www.moneygram.com.

SOURCE: MoneyGram International

MoneyGram International 
Lynda Michielutti, 952-591-3846 
lmichielutti@moneygram.com

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