As part of the deal, Nova Bank customers will now be able to send and receive international money transfers at more than 40 Nova Bank locations across rural and urban Bosnia through MoneyGram’s global network.
According to the World Bank estimations, Bosnia has the 12th-highest proportion of its population living abroad, with more than 1 million Bosnian citizens living and working outside Bosnia. The majority of money transfer sends to Bosnia originate from Austria, Germany, Switzerland and the US.
In recent news, MoneyGram has entered a deal with Chinese bank card organisation China UnionPay (CUP) to provide emergency cash services to UnionPay credit card cardholders.
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