YEREVAN, November 20. /ARKA/. UNISTREAM’s FX transfers in October 2018 increased by 147% compared with the summer months (June-August), which traditionally account for the largest amount of remittances, the bank said in a press release.
“Dual currency remittances are rapidly conquering the market, displacing classical money transfers with subsequent currency exchange,” the bank said.
The number of transactions increased almost threefold due to the consistent implementation of the bank’s strategy for providing customers with a unified service – dual-currency transfers to the CIS and non-CIS countries.
Dual currency transfer is a money transfer, when the currency of the money transfer is different from the currency received (conversion is carried out at the exchange rate of UNISTREAM).
“It is worth noting that using the UNISTREAM dual -currency transfer, you not only streamline the time for the successive execution of two money transfer and currency exchange operations, save money by converting at the most favorable exchange rate, but also reduce the potential risks associated with any money transactions,” explained Kirill Palchun, UNISTREAM Board Chairman.
According to him, sending and receiving money is available in more than 20 different currencies: from Armenian drams to Philippine pesos. Only in October, the bank’s revenue from dual currency money transfers grew by 68%.
UNISTREAM JSC CB has completed the development of IT systems and updated the software in all 220 network service points. The money transfer service with conversion is available in the networks of partner banks (Rosselkhozbank, Promsvyazbank, Avangard Bank and others), as well as in the offices of the cellular retail companies Svyaznoy, Tele2 and MegaFon, which increases the total number of customer service points up to 10,000 throughout Russia. Money transfers are available both online, (the website), and through a mobile application. -0
