MoneyGram International has formed an alliance with Alpha Bank Srbija to add MoneyGram money transfer services to more than 165 locations in Serbia. The addition of Alpha Bank doubles MoneyGram’s network in the country.
To collect funds in Serbia, customers can visit any MoneyGram agent location, provide the required identification and collect funds in euros based on agent availability and local regulation. Customers can send up to EUR1,000 from Germany to Serbia for a fee of only EUR24.
John Hempsey, executive vice president of MoneyGram and head of Europe, the Middle East, Africa and Asia Pacific, said: “Serbia is an important remittance market for MoneyGram. MoneyGram transaction growth has been strong in Serbia this year as value conscious consumers chose MoneyGram for our affordable, reliable and convenient service.”
Periklis Drougas, a member of the executive board for Alpha Bank Srbija, said: “Alpha Bank is eager to expand our services to our clients by adding MoneyGram’s money transfer service at our locations. The contract with MoneyGram and the implementation of the service throughout our countrywide branch locations supports our regional strategy of constant improvement of the services for our clients.”
