Western Union, which last week suspended activities in Greece amid the country's debt crisis, has restarted some of its services.
The U.S.-based money transfer company will allow consumers to receive funds into their bank accounts from 31 countries, including the U.S., the U.K., Australia and some European and Asian countries through a mix of online and limited agent locations.
Transfers will be credited based on the agreed send value into the bank accounts of customers, but the 60or about $65per transaction per customer per day withdrawal limits imposed by the Greek government will apply, Western Union said in a July 7 press release.
Western Union did not reply to a request for comment by deadline. In its release, the company said it was seeking to expand inbound payout locations and hoped to restore full service on domestic and outbound business as "soon as possible."
"This is a tremendous breakthrough, paving the way for family and loved ones across the globe to send money to their home community, particularly during more difficult financial circumstances," said Giovanni Angelini, senior vice president and general manager for Europe at Western Union, in a press release.
European Union countries are expected to meet today to discuss Greece's recent referendummore than 60% of Greek voters chose to reject terms of a debt relief package for Greece that included steep cuts in government programs.
Politicians from Germany have taken a hard line on new debt relief terms, making it more likely Greece will exit the Eurozone, which has deepened a financial crisis in Greece that has been underway for most of the past decade. Greek banks, for example, have been closed for most of the past week, and ATM withdrawals have been limited.