Ly Hour to join cash transfer market

Domestic money-transfer service Ly Hour Pay Pro has received an operating licence from the central bank and will begin operations soon with 1,000 agents nationwide, the chairman of the eponymous Ly Hour Group said yesterday. According to Ly Hour, the new company will focus on domestic money transfers, pre-paid mobile phone top-ups and bill payment services.

“We will provide an international standard of service with trusted and secure [operations],” he said. “We will be open seven days a week with a competitive cost, and with our agents located close to our clients’ home.” Established in 1986, Ly Hour Group’s subsidiaries are engaged in microfinance, real estate and pawn shop operations.

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