The agreement represents an important step for both companies. The addition of 2,150 Oschadbank locations expands MoneyGram’s agent network in Ukraine by nearly 20 percent and increases the availability of its money transfer services to more than 13,200 locations, which includes banks and UkrPost.
In recent news, MoneyGram launched a cash-to-account service in collaboration with financial services provider Industrial and Commercial Bank of China (ICBC ) to allow customers to send money directly into ICBC bank accounts in China.
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