|
|
Moneygram had warned last month that it would be forced to shift its operations servicing the European Economic Area, as "once the UK is no longer part of the EU, it is anticipated the company will no longer be able to provide payments services outside the UK".
The group, whose UK business Moneygram International employed 300 people as of Dec 31, 2016, providing services across Europe and generating around €233.6m (£208m) in revenue, said it would be repatriating those operations to a EU member company.
The National Bank of Belgium confirmed on Thursday it had issued a banking licence to Moneygram, following meetings with the group in the spring last year. [...]