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Remittance firm expands market reach to Greece |
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Tuesday, 09 March 2010 09:09 |
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By Maricel E. Burgonio
-REMIT Inc. said its subsidiary in Europe has signed an agreement with a remittance company in Georgia to expand its market in Greece. In a statement, the Philippines’ listed non-bank remittance company said I-Remit Europe Remittance Consulting AG signed a collaborative agreement with MFO Intel Express Georgia (Intel Express), which is licensed by the National Bank of Georgia.
Under the agreement, Intel Express will receive remittances from various Filipino immigrants and workers in Greece while iRemit will distribute the remittance proceeds to their beneficiaries in the Philippines.
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Fiji to welcome mobile phone bank service |
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Thursday, 04 March 2010 11:42 |
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Source: Radio Fiji
Vodafone Fiji will soon be launching a new money remittance service through mobile phones to be called the M Paisa Service.
Prime Minister Commodore Voreqe Bainimarama told FBC News the new service should be a hit with rural people who travel long distances to receive money remitted to them.
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Japan's SBI Holdings, MoneyGram team up in intl fund remittances |
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Thursday, 04 March 2010 11:40 |
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Source: Trading Markets
Japan's SBI Holdings Inc. said Wednesday that it will launch a low-fee international money remittance service as early as this summer in cooperation with U.S. firm MoneyGram International Inc.
The move will follow the April implementation of the funds settlement law, which will open the door for nonfinancial firms to offer money transfer services.
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MoneyGram International Targets Benelux Growth with Acquisition of Blue Dolphin Financial Services |
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Thursday, 04 March 2010 09:41 |
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Source: Marketwatch
Belgium-based company had served as MoneyGram agent since 2005
MoneyGram International, a leading global money transfer company, announced today it acquired Blue Dolphin Financial Services as part of the company's strategy to grow its owned retail network in regions with strong remittance potential. Today, there are 18 Blue Dolphin locations in Belgium and the Netherlands and the acquisition, along with the expanded opportunities for payment institutions introduced by the European Union in November, are the foundation for MoneyGram's growth across Belgium, the Netherlands and Luxembourg.
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