MoneyTO Ltd to Launch Money Transfer Service in Serbia

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British money transfer operator MoneyTO has launched remittances to Serbia, adding the Balkan nation to a growing list of countries currently operating the service.

Clients can send money to Serbia with few clicks, using any VISA/Mastercard, with fees starting from 0.99% for a minimum amount of £/€1. MoneyTO remittances are available for cash pickup across 170 branches of Banka Poštanska štedionica*in the following cities: Belgrade, Novi Sad, Kragujevac, Subotica, Lajkovac and Zrenjanina, as well as other places.

“With so many Serbians now basing themselves in different countries across Europe and the UK, MoneyTO recognises the need for a trustworthy, safe and secure money transfer service in Serbia that can be accessed by all”, says Galina Selicka, CEO of MoneyTO. “Customers that use our service can be assured that their money will be handled in complete safety, as MoneyTO uses advanced technologies that ensure reliable and rapid transfers. In addition, we offer very competitive exchange rates and low fees that help us to win our clients trust and loyalty.”

According to the International Organization for Migration, around 2.7 million Serbian immigrants now live in Europe, including 7,000 in the UK - a figure that is constantly growing. The total amount of international remittances to Serbia in 2017 was a massive $3.5 billion**, with Germany ($617m), Switzerland ($383m) and Austria (379m) among the most important source countries.

Having the growing market of money transfers in mind, MoneyTO is delighted to be able to extend its services around the world, to anticipate and meet its clients’ needs while sending or receiving money from abroad. The clients value MoneyTO for the speed and reliability of its service to suit all their requirements for money transfers.

To transfer money with MoneyTO you simply need to log onto the website – or to download our mobile app from the App Store or Google Play and register. Registration takes two minutes. Transfers are available for collection within five minutes.

MoneyTO Ltd is a payment institution authorised by FCA and registered by HMRC. MoneyTO has been passported to conduct money transfer business in all of the EU countries. MoneyTO Ltd was acquired and re-launched in 2014 by British and Russian entrepreneur George Piskov, co-founder of Russia-based remittance powerhouse Unistream and Armenia-based Unibank. MoneyTO's use of great technology enables customers to send money abroad online using their VISA or MC card. The card can be debited in GBP or Euros at the customer’s discretion. Transfers can usually be picked up within minutes in cash at more than 100,000 convenient and secure locations in 53 countries.

MoneyTO is a reliable partner and is always open to work with new partners to expand its payout network throughout the world.

*Banka Poštanska štedionica, one of the largest operating banks in Serbia, is dedicated to providing financial services to meet the needs of personal and corporate customers. It is majority-owned by the Government of Serbia.

** (Bilateral Remittance Matrix 2017, Bilateral Remittance Matrix 2016)

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Lusine Khachatryan
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