Global money and payment services transfer company MoneyGram has launched "Cash to ATM" service in Bulgaria, in collaboration with DSK Bank, making money transfers more convenient for its customers.
The new service will enable DSK Bank debit card holders to receive MoneyGram transfers in BGN at more than 850 DSK Bank ATM terminals.
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MoneyGram Southern Europe vice president Massimo Canovi said, "With the launch of the service, MoneyGram strengthens its commitment to Bulgarian customers by offering convenient cash pick up."
"DSK Bank provides services for over 3 million customers, reaching nearly every Bulgarian family, who will now have convenient access to funds sent from loved ones around the world."
A reported by World Bank reveals that remittances from Bulgarians working abroad totaled $1.6bn during 2013, which made it one of largest recipients of remittances in Europe. The most active countries are Spain, UK, Germany, Greece, Italy, US, and Turkey.
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