View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
August 28, 2015updated 04 Apr 2017 12:50pm

MoneyGram launches account deposit service for Honduras’ Banco de Occidente

MoneyGram has rolled out a new account deposit product that enables clients to send money directly to all Banco de Occidente accounts in Honduras.

MoneyGram has rolled out a new account deposit product that enables clients to send money directly to all Banco de Occidente accounts in Honduras.

Once the money is transferred to an account, the funds will be available to customers in minutes subject to the bank’s operating hours, MoneyGram said in its press statement.

MoneyGram vice president for Mexico, Latin America and Caribbean Pedro Saro said: "Banco de Occidente is one of the largest and most trusted banks in Honduras. Today we are pleased to add account deposit to the list of services we offer and provide with Banco de Occidente, adding another quick and convenient choice for our customers when they need to receive money."

Manuel Venancio Bueso, sub general manager of Banco de Occidente, said: "Banco de Occidente and MoneyGram have worked together to ensure customers in Honduras receive money between friends and family. The new deposit to account service gives our customers a more convenient choice to access their funds."

Nearly $3.3bn in remittances flowed into Honduras in 2014, the majority of which was sent from the US, according to the World Bank.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Retail Banker International