MoneyGram MGI, a leading global money transfer company, announced
today that it has signed an agreement with Banco Espírito Santo (EURONEXT:
BES), one of Portugal's largest banks, and is now offering its funds transfer
services at bank locations across the country. The agreement boosts
MoneyGram's presence in Portugal and brings added convenience to both BES and
MoneyGram customers.
“We're committed to making our money transfer services easy to access,” said
João Camara, MoneyGram's country manager for Portugal and Cape Verde. “By
expanding our network with BES, a bank that customers have come to trust,
we're increasing the convenience and accessibility of our services. This
ultimately enables our customers to more easily reach loved ones, whether
nearby or across the globe.”
According to the Portuguese Immigration Observatory, the number of Portuguese
immigrants increased to nearly three million, with destinations including
Angola, France, Brazil and Switzerland. According to Bank of Portugal's latest
figures, the country received nearly $3 billion and sent nearly more than $500
million in 2012. MoneyGram's services enable customers in Portugal to send and
receive funds both domestically and internationally.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in