(MGI) MoneyGram Partners With Bosnian Bank

MoneyGram (MGI) entered into a partnership agreement with a leading bank in Bosnia-Herzegovina and the pan European region – Intesa San Paolo Bank to expand its money transfer network in Bosnia. Through the deal, MoneyGram intends to provide international money transfer services at above 50 branch locations of the bank across the country. The agreement with Intesa San Polo Bank will allow MoneyGram’s Bosnian facility with an opportunity to increase its existing money transfer network to above 100 locations across the territory within a year of foraying into the Bosnian market. At present there are above 1 million Bosnians living and working outside the country who require convenient money transfer to their families in Bosnia. MoneyGram thereby has enough opportunity to build its network and services in the country. The