Kiev, Ukraine (November 20, 2014) (GLOBE NEWSWIRE) -- Consumers in Ukraine can now send and receive funds through kiosks and ATMs anytime, day or night, thanks to an agreement between MoneyGram (NASDAQ: MGI), a leading global money transfer company, and Privatbank, one of the largest banks in Ukraine.
Privatbank consumers can visit any of the bank's nearly 2,500 locations, over 7,500 ATMs or over 12,500 self-service kiosk terminals to use MoneyGram's services. In addition, send and receive transactions will be offered in two currencies: U.S. Dollars or Euros.
"Our agreement with Privatbank demonstrates MoneyGram's commitment to providing fast and more convenient services to our customers," says Yevgeny Butyugin, MoneyGram's senior regional director for Russia, CIS, Israel and the Baltic countries. "By collaborating with a prominent financial institution like Privatbank, which provides services to nearly 18 million customers and Ukrainian families, we are providing access for MoneyGram customers to transfer or pick up funds at any time."
As MoneyGram continues to expand its self-service offerings, this activation with Privatbank is an important step forward in providing an exceptional consumer experience. The launch is part of the Company's focus on growing innovative self-service channels to increase consumer access to MoneyGram's services.
About MoneyGram International, Inc.
MoneyGram, a leading money transfer company, provides essential services to consumers who are not fully served by traditional financial institutions. MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 347,000 agent locations, including retailers, international post offices and banks. MoneyGram also offers bill payment services, issues money orders and processes official checks in select markets.