IOC signs MoU for international money service

Mumbai, Oct 8 (UNI) The Indian Oil Corporation (IOC) and UAE Exchange and Financial Service have signed an MoU to offer 'MoneyGram International', money transfer service.

Under the agreement, it will enable to receive money in 9,900 agent locations in India and over 200 branches of designated banks in the UAE, stated a release here today.

''We can offer competitive pricing and exchange rates in India...

and now reach out to a wider customer base across the country,'' said Harsh Lambah, Regional Director (South Asia) of MoneyGram, added the release.

UNI