|Source: 7-Eleven Australia website.|
"This agreement demonstrates MoneyGram's commitment to providing customers with innovative and convenient options to quickly send and receive funds at any time," said Grant Lines, MoneyGram's EVP of Asia Pacific, South Asia and Middle East. "7-Eleven's relationship with Cullinan Consulting Group, which provides the kiosks and retailer assistance technology, has enabled us to successfully offer these easy-to-use, technologically advanced services at 7-Eleven stores since 2010, and we look forward to continuing our collaboration."
The kiosks provide convenient, easy-to-use money transfer services 24 hours a day at more than 530 7-Eleven stores in Australia. 7-Eleven Stores operates 600 stores in Queensland, New South Wales,Victoria and the Australian Capital Territory in Australia.
"Introducing MoneyGram has provided our customers with another reason to visit 7-Eleven. Thousands of new and repeat customers use this service every year, enhancing our convenient, one-stop shopping for Australians," said Warren Wilmot, CEO of 7-Eleven Stores.
According to the World Bank, the Australia remittance market is worth approximately US$7.3 billion as of April 2014. Money transfer transactions sent from Australia primarily go to India, the Philippines, Fiji, Zimbabwe, Pakistan, Bangladesh and South Africa.