London, UK (12 March2014)–MoneyGram, (NASDAQ: MGI) a leading global money transfer and payment services company,has teamed up with international department store Debenhams to offer money transfer services to its customers. Debenhams’ customers will now be able to send and receive funds around the globe while doing their shopping at the200-year oldretailer in the UK. MoneyGram services are currently offered at 44 Debenhams locations across the UK via its Travel Money bureaus, with further store expansion planned in the coming months. Fora leadingretailerlike Debenhams,offering the MoneyGramservice to millions of customerswanting to send money to family and friends abroad creates a useful one-stop-shop on the high street.
According to the World Bank, the UK is both a major source of remittances with an outward money transfer market worth of $3.8 billion *.

Debenhams is a leading international, multi-channel brand with a proud British heritage which trades out of 240 stores across 28 countries.  Debenhams gives its customers around the world a unique, differentiated and exclusive mix of own brands, international brands and concessions. In the UK, Debenhams has a top four market share in womens’ wear and menswear and a top ten share in childrens’ wear.  It leads the market in premium health and beauty. Debenhams is the eleventh biggest UK online retailer by traffic volume and in March 2013 was awarded “International Growth Initiative of the Year” and “The Retail Technology Initiative of the year for Endless Aisle” at the Oracle Retail Week Awards.
Debenhams has been investing in British design for 20 years through its exclusive Designers at Debenhams portfolio of brands.  Current designers include Jeff Banks, Jasper Conran, FrostFrench, Henry Holland, Betty Jackson, Jonathan Kelsey, Ben de Lisi, Julien Macdonald, Jane Packer, Jenny Packham, Pearce Fionda, Stephen Jones, Preen, Janet Reger, John Rocha, Jonathan Saunders, Marios Schwab, Ashley Thomas, Eric Van Peterson and Matthew Williamson. Apple has rejected accusations from Russia’s state competition watchdog that it fixed iPhone prices.

It is anticipated that the new service will be used by thousands of new customers who will enjoy sending from such locations.

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