Money transfer provider MoneyGram International has entered an agreement with Payzone SA to offer services throughout Romania.
The agreement allows consumers in Romania who do not use a bank account or credit cards to transfer funds at Payzone locations, Dallas-based MoneyGram states in a July 30 press release.
Payzone is one of the largest payment service operators in the Romanian market based on its more than 11,000 terminals for accepting cash payments or providing electronic payment services.
The alliance helps both companies as they bring "fast and reliable financial services to Romanian customers," Cristina Constantin, general manager of Payzone Romania, states in the release.
MoneyGram is committed to expanding its agent network in Romania and Bulgaria, the company states. MoneyGram plans to expand its money transfer services to even more Payzone locations in the future.