MoneyGram and Canada Post have introduced a flat fee pricing system that will allow customers to send money transfers of up to $500 from anywhere in Canada to anywhere within the country for a cost of $10.
The service was launched on 10 June.
“We are excited to offer our consumers a more affordable and simplified fee structure to help them send money when and where it’s needed most,” said Grant Lines, MoneyGram chief revenue officer. “MoneyGram is proud to offer one-fee pricing regardless of the recipient’s location, removing further guesswork from the process.”
“We are pleased to offer our customers the MoneyGram service at this new flat rate for transactions up to $500. We believe our customers will benefit from lower costs to send money,” added John Reis, Canada Post general manager, retail. “And, along with the mobile app, we feel that faster, simpler and more cost effective transactions will drive loyalty and growth.”