MoneyGram, an international money transfer service, has resumed international money transfers into Greece, offering hope to Greek consumers and businesses.
The global provider of innovative money transfer and payment services, has restored their international money transfer services into Greece, enabling customers to once again receive money from their friends and family from around the world.
MoneyGram's customers in Greece can receive money in cash without having a bank account through the company's local agent network, including selected retailers and banks, by using their ID card or passport. Cash will usually be available to the recipient in as little as 10 minutes of the transaction subject to agent operating hours, availability and local laws and regulations.
"Limitations currently applied to bank account cash withdrawals in Greece are not applicable to money transfer receive transactions in cash," says Massimo Canovi, MoneyGram's vice president of sales and marketing. "Our customers can receive the full amount of money being sent to them from within Greece as well as from anywhere in the world."
The activation of MoneyGram's international and domestic transfer services follows a new law issued by the Greek government that allows money transfer operators to resume operations.
This new development offers a financial lifeline to struggling consumers and businesses in Greece and will potentially enable a freer flow of capital in the months to come.