US-based global money transfer company MoneyGram has expanded its money transfer services to Hungary via its new agent Corner Cash Keszpenz Zrt, which is adding the service at its currency exchange shops in 11 cities across the country.

The World Bank estimated that in 2008, Hungary’s remittance market was worth nearly USD 4.5 billion with the United States, the Ukraine, Germany, Romania and the Slovak Republic being key send and receive markets.

In addition to adding MoneyGram’s services to its 11 locations, Corner Cash is focused on adding MoneyGram services to other locations across Hungary.

MoneyGram International is a global payment services company which allows consumers to carry out bill payments and money transfers. Its global network is comprised of 186,000 agent locations in 190 countries and territories.