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Payments General

MoneyGram acquires money transfer businesses in Greece

Friday 20 September 2013 | 11:01 AM CET

International money transfer provider MoneyGram has acquired Advanced ChronoCash Services (ACCS) and has signed an agreement to acquire MoneyGlobe Payment Institution, which are both based in Greece.

MoneyGlobe Payment Institution is a provider of cash-to-account money transfers from Greece to Bangladesh.

In recent news, UK-based online cash payment provider Ukash has launched a service which enables domestic and international transfers online for consumers who don’t have or don’t want to use bank or credit accounts. The service is powered by MoneyGram.

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