The national post offices of Kazakhstan and Moldova have signed agreements with MoneyGram International.
The deal will see MoneyGram add the two operators to its ever-growing international network.
More than 800 new locations will be added to Kazakhstan’s transfer network, whilst the agreement will see Moldova’s total offices reach almost 2,000. More than $1.5bn of remittances was received via those two markets over the last year.
Last week, MoneyGram International announced that it has signed a multi-year contract extension with the United Kingdom’s Post Office. According to the World Bank, over $4.6b was sent from the UK in 2009. Countries which receive from the UK are the Caribbean, Africa, the Indian Subcontinent and Eastern Europe in particular.
Source: Various media
Tags: Europe, MoneyGram, remittances
