EN
10 June 2010 - 10:23 AMT

MoneyGram money transfer system service points number hits 200 000

MoneyGram International, one of the leading international money transfer systems, expanded its global network to 200 000 service points.

The company hit a benchmark number as a result of collaboration with SRD MP and Bimedia companies. Implementation of retail enterprise-oriented project is a positive example of 2009 EU directives on payment services (PSD). The Directives allow for retail organizations and other non–bank structures to perform payment services, a function only financial institutions were allowed to fulfill before.