19 October 2017
visit www.avoka.com

MoneyGram moves into Hungary

19 January 2010  |  2142 views  |  0 Source: MoneyGram International

MoneyGram International (NYSE: MGI), a leading global money transfer company, today announced that it has expanded its money transfer services to Hungary through new super agent Corner Cash Keszpenz Zrt, which is adding the service at its currency exchange shops in 11 cities across the country.

"After nearly seven years without a presence in Hungary, MoneyGram is pleased to be back with a partner like Corner Cash, providing Hungary's 10 million people a new choice and a better value for money transfer services"

"After nearly seven years without a presence in Hungary, MoneyGram is pleased to be back with a partner like Corner Cash, providing Hungary's 10 million people a new choice and a better value for money transfer services," said John Hempsey, executive vice president for MoneyGram's Europe, Middle East, Africa and Asia Pacific regions. "Money transfer services are a vital part of the economy in Hungary and MoneyGram will focus on providing the greatest value as it grows its locations across the country."

The World Bank estimated that in 2008, Hungary's remittance market was worth nearly $4.5 billion with the United States, the Ukraine, Germany, Romania, and the Slovak Republic being key send and receive markets.

In addition to adding MoneyGram's services to its 11 locations, Corner Cash is focused on adding MoneyGram services to other locations across Hungary.

Hempsey added, "The Corner Cash locations are well established financial service businesses in Hungary's mid-sized cities. Together we plan to rapidly grow our service and especially gain a presence in Budapest."

Hungary is the first country added to MoneyGram's global network in 2010.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com visit www.niceactimize.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15828 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8960 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8057 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7151 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6294 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job