MoneyGram expands reach in Russia with MTS

Expands in Russia.

MoneyGram a money transfer and payment services company has announced an agreement with MTS, one of the largest mobile phone retailers in Russia, to offer money transfer services in MTS stores throughout the country.

The agreement enables Russian and foreign citizens to transfer funds to friends and family at any of MoneyGram’s locations. Customers can complete transactions in MTS retail offices without having to visit bank branches. The relationship significantly boosts MoneyGram’s presence in Russia.

“MoneyGram’s agreement with MTS is a very important step in expanding our footprint in Russia,” says Evgeny Butyugin, regional director at MoneyGram Russia, CIS, Emerging Europe and Israel. “It also makes access to our services more convenient for our customers in Russia, enabling them to send and receive money from retail locations.”

The signing is the result of collaboration between MoneyGram and the RNKO ‘Payment Center,’ a settlement non-banking credit organization.MoneyGram and RNKO have worked together since 2008 to develop relationships with Russian Federation financial institutions. 

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