MoneyGram hits milestone of 310,000 agents

Updated 19 March 2013

MoneyGram hits milestone of 310,000 agents

MoneyGram, a leading global money transfer company, now has a global network of more than 310,000 agent locations, following a year of significant network and channel growth.
MoneyGram recently reported money transfer fee and other revenue constant currency growth of 13 percent and transaction growth of 14 percent growth for the fourth quarter and full year 2012.
This strong growth over the last several years has been fueled by a growing agent network.
During the past 30 months, MoneyGram has added 100,000 agent locations.
Since 2007, MoneyGram has more than doubled its network.
In 2012, MoneyGram added more than 43,000 agent locations.
In 2012, MoneyGram post office agent relationships grew to nearly 30 globally.
Grant Lines, MoneyGram’s senior vice president of Asia Pacific and Middle East, said: “Our teams have done a fantastic job of meeting consumer needs in this region by focusing on the particular service elements required in each country, versus adopting a one-size fits all approach.”
MoneyGram continues to grow at a fast pace in the Middle East.
In addition to working with well established agents such as NCB, NBAD, Al-Rostamani, Al-Ahalia, BEC and BFC, MoneyGram also recently launched its relationship with Qtel, Qatar’s leading mobile operator, to offer international mobile money transfer services.
Transaction growth in South Asia was also robust with network strength crossing 51,000 locations.
MoneyGram services are available in India at India Post, Thomas Cook, UAE Exchange, Supreme Securities and State Bank of India.
MoneyGram also works with large banks and financial institutions in Bangladesh, Sri Lanka, Nepal and Maldives.
In Pakistan, the MoneyGram brand is highly recognized and its agents include Bank Al Falah, Wall Street Exchange, Soneri bank, Bank Al Habib and MCB Bank Limited, among many others.The network in Pakistan grew by 30 percent in just six months in 2012.


Bentley marks 100 years at Monterey Car Week

Updated 21 August 2019

Bentley marks 100 years at Monterey Car Week

As part of its centenary celebrations, Bentley hosted a number of events during the Monterey Car Week, from Aug. 15 to 18.

To mark the occasion, two models debuted — the new Flying Spur luxury four-door grand tourer, and the EXP 100 GT: A vision of luxury mobility in 2035.

The third-generation Flying Spur sets new standards of driving enjoyment and luxury, showcasing Bentley’s application of modern technology, while integrating the latest British craftsmanship and innovation features.

The new Flying Spur will be the most advanced luxury grand touring four-door available. 

Alongside its totally new and advanced aluminum and composite chassis, it features optional electronic all-wheel steering — a first for a Bentley, coupled with active all-wheel drive and the Bentley Dynamic Ride active anti-roll system powered by a 48V architecture.

The Flying Spur was put on display on Aug. 16 at the Quail — a motorsports gathering and at the Home of Bentley for the remainder of the weekend.

It was joined by the EXP 100 GT concept car, which made its US debut. With the EXP 100 GT, Bentley has reimagined the idea of grand touring for the future.

The EXP 100 GT is pure Bentley, inspired by the company’s deep understanding of the desires of its forward-thinking customers. It embraces artificial intelligence (AI) as a means to reassert the car as a place for creating, experiencing and capturing extraordinary human experiences and emotions.

It displays the future of luxury craftsmanship with a seamless fusion of materials and the intelligent curation of technology. The vehicle’s battery system will power four motors that deliver superior performance. Projected performance figures include a 0-60 mph time of less than 2.5 seconds, a top speed of 186 mph, and maximum torque of 1,500 Nm.

Ahead of the EXP 100 GT’s Americas debut, Bentley launched a new and dedicated app for Apple devices.

Released on Aug. 12, the “Bentley 100 AR” app uses a printable QR code to provide an augmented reality experience of the EXP 100 GT, allowing users to explore the exterior and interior of the concept car. Users can even interact with a virtual version of the car in full scale, by using the app at selected Bentley retailers.

Bentley was a featured marque at Pebble Beach Concours d’Elegance, where numerous classic models competed in Bentley Centennial classes, including Vintage 4 Cylinder, Vintage 6 Cylinder, Derby and Postwar.