Muthoot Fincorp ties up with MoneyGram for global money transfer services

Muthoot Fincorp, engaged in the financial services segment, has entered into an alliance with the global instant money transfer brand, MoneyGram, through UAE Exchange.

The tie-up is expected to offer instant money transfer services to the Indian expatriate community across the globe.

Mr Thomas John Muthoot, CMD, Muthoot Fincorp, said the strategic alliance would combine the companies' strengths, MoneyGram's global presence and Muthoot Fincorp's pan-India branch network.

Muthoot Fincorp Ltd, part of the Muthoot Pappachan Group, is a provider of finance in the form of gold loans and a host of other financial products.