Sberbank Hungary launches MoneyGram services

Analysis

Recently-rechristened Sberbank Hungary has launched MoneyGram cash transfer services in all 52 branches in the country, thereby joining a global network of some 334,000 locations in 200 countries. With the deal in place, Sberbank becomes the no. 1 partner for MoneyGram services in Hungary.

As with similar services, the opening of a bank account is not necessary for use of the MoneyGram system.

At Sberbank branches, transactions may be undertaken in Euros or US dollars; a maximum of €7,000 per transfer and €14,000 per day is allowed.

In formally launching the service, Sberbank Hungary Ltd. CEO said that “I am pleased that Sberbank Hungary becomes the biggest partner of MoneyGram in Hungary. Our aim is to offer favorable and convenient services to our customers. The flexible cross-border MoneyGram transfer service we provide in our branches will add convenience to many people’s transfer routine.”

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