Xpress Money Signs MOU With Money Express to Launch its Services in West & Central Africa

DUBAI, UAE, July 3, 2013 /PRNewswire/ --

Xpress Money, one of the world's most dependable money transfer brands today signed an MOU with Money Express to launch its operations in West & Central Africa in the near future. Money Express, is a leading money transfer company based in Senegal with over 3, 000 payout locations in the regions. As an initial offering, Xpress Money will extend its popular Cash to Cash service to customers in both regions using Money Express's well established network and remittance infrastructure and in due course of time the brand's other services will also be introduced.

By virtue of this partnership, Xpress Money will be launching its services in Senegal, Cote 'd' Ivoire, Benin, Togo, Burkina Faso, Mali, Niger in West Africa and Cameroon, Tchad, D R Congo and Congo Brazzaville in Central Africa.

Over the last decade, migration from West & Central Africa has been on the rise especially to Europe and other African countries. France, Italy, Spain and the USA are the top migration destinations outside Africa for expats.

Mr. Sudhesh Giriyan, Vice President and Business Head of Xpress Money, said: "Looking at the remittance potential of West & Central Africa, it was imperative that we plan to launch our operations here. With migration being on the rise, the remittances received here is sure to reach a new high in the next few years. This is therefore the ideal time for a brand like ours to enter these two regions and contribute to their remittance industry. With Money Express being such an established and trustworthy brand in the country, choosing them as our partners to launch was an appropriate decision. We hope to build this partnership into a long term association."

About Xpress Money:

Xpress Money is a global money transfer brand with a thriving presence in more than 150 countries in 5 continents across 170,000 agent locations across the world. Working towards the goal of Bringing Home Closer to millions of migrants residing away from their homes, Xpress Money has come to be known as the most dependable international money transfer brand. Xpress Money provides its customers a simple, fast & safe way to transfer money anywhere in the world through innovative technology, superior customer service and its extensive worldwide network. For more information, follow us on Facebook: http://on.fb.me/Z5sngv, Twitter: @Xpress_Money or visit http://www.xpressmoney.com