Moneyto moves to the new money transfer platform by ProtoBase laboratories

YEREVAN, February 15. /ARKA/. The London -based Moneyto.co.uk, an international online money transfer company, has moved to ProtoMT, one of the latest products, developed by Protobase Laboratories. By updating the software, Moneyto enhanced its business process automation, improved customer communications, and made AML and compliance processes more efficient, a Moneyto press release said.

It said a switch to a new platform ensuring up-to-date business requirements, is resulting from Moneyto strategy focused on extending business, enlarging its geographical coverage and business contacts as well.

ProtoMT is a CRM-system which involves solutions for automating money transfers, monitoring the sales and customer service. The new software allows to deal with exchange currencies and cross rates, to manage fees, standardize database, track sales online, make analytical reports, plan and set tasks and provide customer feedback via e-mail or sms.

“To ensure the successful implementation of all these functions, Moneyto has introduced a new software with unique module to meet customers’ needs. Among the variety of offers Moneyto has chosen ProtoMT for its up-to-date capabilities, high speed implementation and low costs”, said Aleksey Kochemirov, CTO Protobase Laboratories.

“We are pleased to inform that the implementation of the new system has such a success. As a result, we have got a modern automated system in full compliance with the market demands and our clients’ expectations. We are sure that this system will promote Moneyto to develop long-term and mutually beneficial relations both with existing customers and potential ones, as well as to optimize in-house business processes,” said Galina Selitska, CEO Moneyto Ltd.

Owing to cooperation with Protobase Laboratories Moneyto has also successfully introduced “Compliance” module ensuring automatic process control of compliance with the legislation.
In 2017 the monthly volume of online transfers increased by more than 70%. Outgoing online money transfers have increased by 1.5-fold. For incoming transfers among the key countries the share of Moneyto makes 15%. -0-

spot_img

POPULAR

Travel in comfort with the Mastercard World “Travel” Cards from Unibank

Unibank offers Mastercard World "Travel" cards, designed specifically for clients who travel frequently and value convenience, reliability, and additional privileges.

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

Central Bank of Armenia website and centralized registry of bank accounts may be unavailable for four hours on April 14

The Central Bank of Armenia website and the centralized registry of bank accounts may be temporarily unavailable on April 14 from 7:00 PM to 11:00 PM due to scheduled maintenance of the information systems.

Euro rises 3.86 points to Armenian dram, while US dollar and ruble remain unchanged

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 14, 2026, remained unchanged from April 13, at 375.19 drams.

LATEST NEWS

spot_imgspot_imgspot_img