MoneyGram, the US-based international payment system, is partnering with Industrialbank to launch Account Deposit,

MoneyGram, the US-based international payment system, is partnering with Industrialbank to launch Account Deposit, a service that allows clients of 55 financial institutions in Ukraine to receive money remittances directly to their current account or card account in Ukraine. Transfer fees range from 0.5% to 2% of the transfer amount. Andriy Lvov, an Industrialbank executive, tells reporters: “Our plans are to take a market share of 5% of all transfers in Ukraine.”