Guadalajara, Mexico - MoneyGram, a leading global money transfer company, has formed an alliance with Farmacias Guadalajara, that now allows MoneyGram services to be offered at more than 1,000 of the drugstore chain's locations around Mexico.

With this agreement, customers across the country are now able to send and receive funds through MoneyGram's robust network of agents around the world.

"Mexico is one of the top recipients of remittances in Latin America, and we´re working with Farmacias Guadalajara to meet our consumers' current and future needs by expanding our services in the country," said Pedro Saro, vice president Mexico, Latin American, and Caribbean at MoneyGram. "This agreement will give consumers throughout Mexico more locations from which to receive the support they need."

According to the World Bank, Mexico ranks third on the list of worldwide countries that receive the largest amount of inbound transfers, and receives an estimated $22.5 billion yearly from the US alone.

"By aligning with MoneyGram, we are offering our customers the opportunity to receive funds quickly, reliably, and conveniently from friends and family around the world," says María Fernanda García Orozco, finance sub-director and investor relations director at Farmacias Guadalajara. "We expect this service to be very well received by our customers"

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