Business News of Friday, 20 November 2009

Source: GNA

Prudential Bank now offers MoneyGram service

Accra, Nov. 20, GNA - The Prudential Bank Limited (PB), in partnership with MoneyGram International, a global payment system provider, has launched money transfer service to offer customers the convenience to receive money from relatives abroad. The service would operate through all its branches and sales outlets in the country.

Mr Joseph Okine Afrane, Deputy Managing Director in-charge of Finance and Credit

Administration at PB who launched the facility on Friday in Accra said it was in line with the

bank's strategy to bring convenience in banking to its customers. Mr Afrane said the bank appreciated the relationship between it and customers and would

continue to roll out packages to satisfy their range of needs. He called on customers to take advantage of the facility and enjoy the convenience and fast

money transfer service platform that the bank was offering them. Ms Grace Osei-Bonsu, Head, Retail Marketing Department of PB said the bank would soon

embark on an expansion drive to establish more branches to cover parts of the country it

currently was not available. He said the bank's 22 branches and two sales outlets were strategically located to serve the

needs of macro, micro and small and medium enterprises, adding that at PB "no business is too

big or too small". Ms Funmi Omitowoju, Anglophone West Africa Regional Director of MoneyGram

International said the company was happy to sign on the PB to its growing list of providers. Ms Omitowoju said MoneyGram was convinced that the PB, which had innovation as its

hallmark, would operate the facility with similar value to serve the needs of customers. 20 Nov. 09