MoneyGram expands eastern European network
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.
