MoneyGram, LBC Express Inc., Cebuana Lhuillier:

MONEYGRAM International, Inc., a global leader in cross-border P2P payments and money transfers, recently announced a partnership with LBC Express Inc. (LBC), the market leader in retail and corporate courier and cargo, money remittance and logistics services, and Cebuana Lhuillier (Cebuana), the Philippines’ largest micro-financial services provider. Through Cebuana Lhuillier’s proprietary PERALink system, MoneyGram customers can now have remittances paid out at over 1,500 LBC branches. This partnership is a move to broaden the network of the three companies making them more far-reaching and accessible for customers across the Philippines and abroad.

“We are thrilled to expand with Cebuana Lhuillier as we continue to execute our plan to grow the largest retail partnerships in major markets,” said Vijay Poduval, MoneyGram Head of Asia. “With over 1,500 LBC branches nationwide, MoneyGram now has over 15,000 locations across the country to provide choice and convenience for our customers to pick up cash remittances with ease.”

“This partnership gives us the opportunity to make remittance even more accessible and convenient. This reflects our company’s decades-long commitment of providing the unbanked and underbanked Filipinos access to the financial services that they need,” said Jean Henri Lhuillier, Cebuana Lhuillier President and CEO. “Cebuana Lhuillier is on the lookout for opportunities to better serve our Filipino clientele through our vast financial services.”

About MoneyGram International, Inc.

MoneyGram is leading the evolution of digital P2P payments. With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and leading customer-centric capabilities, MoneyGram has grown to serve nearly 150 million people across the globe over the last five years. The Company leverages its modern, mobile, and API-driven platform and collaborates with the world’s leading brands to serve consumers through MoneyGram Online (MGO), its direct-to-consumer digital business, its global retail network and its emerging embedded finance business for enterprise customers, MoneyGram as a Service. For more information, please visit ir.moneygram.com and follow @MoneyGram.

About Cebuana Lhuillier

P.J. Lhuillier, Inc. (PJLI) is the proud parent company of Cebuana Lhuillier, the Philippines’ largest microfinancial services provider that offers pawning, remittance, micro insurance, bills payment, e-load, business-to-business solutions services, and micro savings and other banking services through their banking arm, the Cebuana Lhuillier Rural Bank. For more than 30 years, Cebuana Lhuillier continuously provides fast, easy, secure, and convenient microfinancial products and services to more than 30 million customers through over 2,500 branches nationwide. The company has also expanded its services into the digital space through the eCebuana App, a product of the Cebuana Lhuillier Rural Bank, and a host of other financial platforms such as Cebuana From Home, ProtectNow.com and the Cebuana Lhuillier Jewelry website. Cebuana Lhuillier is committed to its purpose of bringing financial inclusion to the majority of Filipinos, and has remained at the forefront of its industry through its many product innovations and leadership in customer service. Its commitment to excellence has given rise to many countless accolades and recognitions here and abroad.

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