MoneyGram expands in Brazil with Confidence Cambio agreement

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MoneyGram and Sao Paulo, Brazil-based Confidence Cambio have announced that an agreement between the two companies will enable consumers in Brazil to have more options when they send and receive money transfers. 

“Aligning with Confidence Cambio will assist with growth in this important market, and will help MoneyGram meet the growing consumer demand for money transfers in Brazil.” says Pedro Saro Campos, vice president, Latin America, Mexico and Caribbean at MoneyGram.

MoneyGram services are available to customers at 69 Confidence Cambio stores across the country.

“We are expanding our portfolio of products and services and especially strengthening the options for international remittances to fulfill the different needs of our customers. Thus, we expect to double our participation in the international remittances segment.” says vice president of the Confidence Group, Andreas Wiemer.

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