International money transfer company, Moneygram has signed a partnership agreement with DenizBank of Turkey.
Pam Patsley, CEO and chairman, MoneyGram, said: "This significantly increases MoneyGram’s footprint in Turkey while decreasing the distance our customers have to travel to send money to friends or family worldwide. Now that we have achieved additional territory coverage in Europe."
Go deeper with GlobalData
The remittances of Turkish emigrants amounted to $1.09bn in 2011 with Germany, France and the Netherlands having the highest numbers of Turkish emigrants.
Hakan Ates, CEO and president of DenizBank, said: With this solution partnership that will enhance our bank’s strength in the global network, we become one of MoneyGram’s key agents in Turkey and offer easy and fast money transfer service through their worldwide service network and infrastructure to everyone, regardless of being a DenizBank customer or not.
DenizBank has 667 branches in 81 provinces throughout Turkey and Moneygram has a global network of and is present in 200 countries and territories.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataRelated articles
US PayPal users given option to withdraw money using MoneyGram
MoneyGram and Ukash make payment options deal
