20 July 2018
Visit www.avoka.com

MoneyGram adds Near East Bank to network

27 February 2012  |  1917 views  |  0 Source: MoneyGram

International (NYSE:MGI), a leading global money transfer company, announced today the addition of Near East Bank to its network in North Cyprus.

With the addition of the bank's 10 locations, consumers now have 32 convenient MoneyGram locations in North Cyprus to send or receive money.

According to the World Bank, Cyprus sends approximately $2 billion USD annually in remittances to countries such as Pakistan and Bulgaria, which ranks it among the top 25 countries for sending funds as a percentage of its GDP.

"People living, working and going to university in Cyprus rely on MoneyGram's network to send vital funds to family and friends and in their native countries," said Massimo Canovi, MoneyGram vice president for Greece, Italy, Cyprus and the Balkans. "MoneyGram understands this reality and is growing our network on both sides of the transaction to make access to our money transfer service as readily available and convenient as possible for our customers. Near East Bank will help us make this happen."

Near East Bank is a respected financial institution in North Cyprus, with a strong affiliation with the area's largest university - Near East University.

"The services MoneyGram provides are important and necessary, particularly to people living and working in North Cyprus. We are excited to become an Agent and part of the global MoneyGram network to offer our customers and the people of North Cyprus these money transfer services at our bank locations," said Kozan Karakurt, Assistant General Manager, Near East Bank. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit info.nice.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12710 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10141 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9668 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6614 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6431 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job