OREANDA-NEWS. July 07, 2010. The company MoneyGram International, a world leader in providing money transfer services, announced the reduction of tariffs for sending money transfers from Uzbekistan to the Commonwealth of Independent States (CIS) countries, namely, Armenia, Belarus, Georgia, Kazakhstan, Ukraine, Moldova, Russian Federation as well as Israel for period of 6 months. New rates are possible from 01.07.2010 to 31.12.2010.

"MoneyGram is constantly expanding its network of service points in Russia, Georgia, CIS countries and Israel, which allows our customers to quickly, easily and securely transfer money in those countries and in more than 190,000 MoneyGram agent locations in 190 countries around the world," said Peter Gnatyuk, regional director of MoneyGram in Russia, CIS and Israel. "According to the Central Bank of Russia more than 18 billion U.S. dollars is sent from Russia to CIS countries every year. Our low rates will enable senders of remittances, which have not yet used the services of MoneyGram, to try our convenient, reliable and secure service. For our existing customers, new prices will make MoneyGram services even more attractive. "

From now on, customers will be able to make MoneyGram transfers of up to 100 U.S.D, while only paying 2.5 U.S.D commission; for the transfer of 300 U.S.D, fee would amount to just 7.5 U.S.D, and the maximum payment under the new rates will be only 125 U.S.D. when sending the transfer of up to 5 000 U.S.D.

MoneyGram is working with major financial institutions, providing services through their network of branches. Partners of MoneyGram in Europe are financial institutions such as Royal Post of UK and Norway, Post of Italy, Ukraine, Moldova, Cyprus, Bank of Ireland, Banco Popular Espanol, Bank of China, Carrefour and many others. MoneyGram company started its operations in the CIS market in the mid 1990's. Currently, more than 160 banks in the region are partners of MoneyGram, and MoneyGram network offices in the CIS countries have exceeded 14,000 service points. Additional information about the company is given on the website.