Dollar Express enters banking transfer market

Banking transfer by Western Union has become interesting, mainly since Romania is the third biggest market after Russia and Poland in terms of volume and transaction value.

After five years of being handled only by banks, Banca Romaneasca (Romanian Bank), Banc Post, Posta Romana (Romanian Postal Company) and Banca Romana pentru Dezvoltare (Romanian Development Bank), this sector has a new player, that is a Western Union independent dealer, Dollar Express.

The number of Western Union transactions in Romania last year reached 409,252 operations worth $181.7 million.