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MoneyGram opens office in Brussels

Stock MarketsJan 12, 2018 04:50PM ET
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© Reuters. FILE PHOTO: A MoneyGram kiosk is seen in New York

(Reuters) - The U.S. money-transfer company MoneyGram International Inc (O:MGI) confirmed on Friday that it had opened an office in Brussels and National Bank of Belgium had granted it license as a payment provider.

The uncertainty regarding Britain's decision to leave the European Union led MoneyGram, whose European headquarters is in London, to look at different options to ensure its business was not disrupted, MoneyGram said.

MoneyGram also said it would remain registered with UK's financial regulator, the Financial Conduct Authority, and continue operations in Britain.

The Telegraph reported on Thursday that MoneyGram was moving its European headquarters out of London to Brussels.

MoneyGram opens office in Brussels
 

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