MoneyGram International and Bank of China have announced the introduction of MoneyGram’s services at 930 bank branches across Guangdong province.

It is estimated that more than $25 billion in remittances–more than half of the total remittances sent into China, were received in Guangdong province in 2008, according to official estimates including reports by the Overseas Chinese Affairs Bureau.

In addition to the 930 locations in Guangdong, MoneyGram’s service was added last year to all 240 Bank of China branches in Beijing. All locations offer payout in British pounds, U.S. dollars or euros, limiting the fees for currency conversions on all transactions from Europe, the United Kingdom and United States. MoneyGram and Bank of China will continue to introduce money transfer services to more bank branches with all locations active by the end of 2011.