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UNISTREAM MONEY REMITTANCE SYSTEM REPORTS SURGE IN TRANSFERS
ARMENPRESS
Sep 7, 2007
YEREVAN, SEPTEMBER 7, ARMENPRESS: The UniStream money remittance
system, operated by UniBank, has reported a 75 percent increase in
money transfers in August from a year before which it said rose to
almost $70 million.
Vartan Atayan, Unibank chairman of board, said nearly half of money
transfers in Armenia is handled by the bank. The amount of money
transfers operated by the system in January- August of 2008 rose to
$364 million. According to Vartan Atayan, they expect the number to
rise up to $600 million before the end of the year.
The Unistream money remittance system that allows receiving and
sending money transfers without account opening was established in
2001. UniStream has become attractive because of low commissions
which make 1 percent of the remitted money if the transfer is made
in hard currency and zero commissions if it is in Armenian Drams.
ARMENPRESS
Sep 7, 2007
YEREVAN, SEPTEMBER 7, ARMENPRESS: The UniStream money remittance
system, operated by UniBank, has reported a 75 percent increase in
money transfers in August from a year before which it said rose to
almost $70 million.
Vartan Atayan, Unibank chairman of board, said nearly half of money
transfers in Armenia is handled by the bank. The amount of money
transfers operated by the system in January- August of 2008 rose to
$364 million. According to Vartan Atayan, they expect the number to
rise up to $600 million before the end of the year.
The Unistream money remittance system that allows receiving and
sending money transfers without account opening was established in
2001. UniStream has become attractive because of low commissions
which make 1 percent of the remitted money if the transfer is made
in hard currency and zero commissions if it is in Armenian Drams.