02 September 2015

MoneyGram launches 'cash-to-ATM' in Bulgaria

16 May 2014  |  1437 views  |  0 Source: MoneyGram

MoneyGram (NASDAQ:MGI), a leading global money transfer and payment services company, and DSK Bank are making money transfers more convenient for customers in Bulgaria with the introduction of "Cash to ATM" service.

The new service allows DSK Bank debit card holders to receive MoneyGram transfers in BGN at more than 850 DSK Bank ATM terminals.

"With the launch of the service, MoneyGram strengthens its commitment to Bulgarian customers by offering convenient cash pick up," says Massimo Canovi, vice president Southern Europe at MoneyGram. "DSK Bank provides services for over 3 million customers, reaching nearly every Bulgarian family, who will now have convenient access to funds sent from loved ones around the world."

"Building our relationship with MoneyGram and adding Cash to ATM service, allows DSK Bank to expand its product portfolio, and directly respond to our customers' needs," says Emil Hristov, executive manager Bank Operations at DSK Bank. "We are always striving to offer reliable, efficient and innovative services and we hope to continue to build trust among our clients."

Bulgaria is one of Europe's largest recipients of remittances. According to the World Bank, remittances from Bulgarians working abroad totaled $1.6 billion in 2013. The most active corridors for sending money transfers to the country are Spain, the United Kingdom, Germany, Greece, Italy, the USA and Turkey.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
7809 views comments | 37 tweets | 15 linkedin
SunGard system glitch causes havoc for BNY...
7331 views comments | 14 tweets | 12 linkedin
Payments UK sets out vision for 'world cla...
6460 views comments | 17 tweets | 10 linkedin
HSBC glitch leaves thousands of customers...
5921 views comments | 13 tweets | 7 linkedin
Swedish mPOS firm iZettle raises EUR60m fo...
5757 views comments | 12 tweets | 8 linkedin

Featured job

Max £55k
London

Find your next job