According to an announcement by Western Union on Monday, the company has reactivated its out-bound Western Union Money Transfer service from Greece through its agent, WorldBridge Payment Institution (Paylink), allowing customers to send money from Greece to more than 200 countries and territories.
“A 500 euros per month per customer cap and monthly agent limits will apply, imposed by the Government”, the announcement read.
The restoration of the service follows the implementation of a new legal act by the Greek Government, which has allowed a number of money transfer operators supervised by the Bank of Greece to resume performing out-bound money transfers under special conditions. WorldBridge, as with every Payment Institution, has a monthly upper limit for all out-bound money transfers.
Western Union has already reopened much of its in-bound Western Union Money Transfer service into Greece, with cash payout of international and domestic money transfers available at more than 1,500 agent locations across Greece. Western Union Money Transfer transactions payable in Euro via the Western Union Agent retail network Paylink and Greece’s Postal Authority ELTA are not subject to Greek capital controls.
“Together with our agents, we have been working hard to restore Western Union services fully in Greece. This has been a priority for us since the commencement of the enforced bank holiday in late June as we have sought to help our customers in Greece through this difficult financial time,” said Giovanni Angelini, Senior Vice President and General Manager for Europe at Western Union.