KIEV, Ukraine, Oct. 19, 2016 /PRNewswire/ -- MoneyGram
International (NYSE: MGI) announced today it continues to provide
money transfer services to customers in Ukraine, as recent Ukrainian government
sanctions banning Russian companies from providing money transfer
services in Ukraine do not affect
MoneyGram services.
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According to the World Bank, in 2015 an estimated $5.9 billion in remittances flowed into
Ukraine constituting 5.6% of
country's GDP. The main send corridors to Ukraine are Russia ($3.1
billion), the United States
($469 million), Germany ($275
million) and Kazakhstan
($254 million).
"At MoneyGram we recognize the vital role that remittances play
in the Ukrainian economy and the country's development, as well as
individual lives of our customers sending and receiving money to
support their families back home," said Yevgeny Butyugin, head of
CIS at MoneyGram. "MoneyGram has operated in Ukraine for nearly 20 years now through a
network of more than 9,000 agent locations and over 12,000 ATMs and
self-service kiosks, enabling our customers to receive money from
Russia, or any other country,
anytime that is convenient for them," added Butyugin.
As a leader in the money transfer industry, MoneyGram also has
an extensive agent network in Russia with more than 23,000 locations.
Customers sending money from Russia can use any of the over 8,000 Sberbank
locations to complete a transaction.
World Bank data shows that $15.4
billion in remittances were sent from Russia in 2015. The top receive countries from
Russia are Ukraine ($3.1
billion), Uzbekistan
($3.1 billion) and Tajikistan ($1.9
billion).
#moneygramnews
About MoneyGram International, Inc.
MoneyGram is a global provider of innovative money transfer and
payment services and is recognized worldwide as a financial
connection to friends and family. Whether online, or through a
mobile device, at a kiosk or in a local store, we connect consumers
any way that is convenient for them. We also provide bill payment
services, issue money orders and process official checks in select
markets. More information about MoneyGram International, Inc. is
available at moneygram.com
Media Contact:
Maria Bankiet-Kamińska
MoneyGram
Tel: + 48 22 377 2185
Mob: + 48 885 889 696
Mail: MBankietKaminska@moneygram.com