03 December 2016

MoneyGram launches 'cash-to-ATM' in Bulgaria

16 May 2014  |  1717 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)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextraFind out more

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6220 views comments | 22 tweets | 21 linkedin
ING pulls plug on P2P payments app TwypING pulls plug on P2P payments app Twyp
5501 views comments | 16 tweets | 15 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5432 views comments | 13 tweets | 12 linkedin
EBA told that tougher authentication will have a "chilling" effect on single marketEBA told that tougher authentication will...
5407 views comments | 18 tweets | 20 linkedin
UK challenger bank Masthaven opens for businessUK challenger bank Masthaven opens for bus...
5405 views comments | 15 tweets | 13 linkedin

Featured job

Find your next job