MoneyGram adds Banco Ganadero to its network

Remittances

Money transfer company, MoneyGram, is adding Bolivian retail bank, Banco Ganadero, to its network (view press release). Through the deal, Banco Ganadero customers will be able to send and receive international money transfers through MoneyGram’s global network. Bolivia is a large remittance market, with transfers to the country primarily originating from Argentina, Brazil, Chile, Spain and the U.S., and outgoing transfers largely being sent to family and friends in Peru, Spain and the U.S.

There is great demand among our customers for international remittances. With MoneyGram’s vast global network, we will be able to significantly expand our ability to meet their financial needs,” said Adolfo Guzman, Banco Ganadero’s chief financial officer. “We look forward to working closely with this respected global brand.”

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