Moneygram aiming for expanded
rural, hinterland service
The ongoing downturn in the United States economy is impacting on the inflow of foreign exchange remittances into Guyana, according to Deo Persaud, Chief Executive of Neal and Massy, holders of the local franchise for the remittance service Moneygram International.
“What we have noted at Moneygram is that while the number of people who use the service continues to grow the amounts being remitted fell last year compared to the peak periods of Mashramani and Christmas of the previous year,” Persaud told Stabroek Business.