Unistream international money transfer system is actively expanding its presence in Georgia and now has entered into a cooperation agreement with Rico Express, a microfinance organization.
Unistream customers will now be able to receive and send transfers at 40 round-the-clock Rico Express points located in Tbilisi, Batumi, Kutaisi, and other major cities in the country. Thanks to this agreement, there are now over 900 service points of the system in Georgia.
“Despite the coronavirus pandemic, the remittance market in Georgia is gradually recovering and will continue to grow,” says Sherzod Makhmudov, the Vice President of the Unistream Department for the development of the sales in CIS countries. “Many of our clients from the Georgian diaspora living in the CIS, Europe, and Israel financially support relatives in their homeland. We can also see the reverse flow of transactions since Georgian people are famous for their solidarity.”
Around $467.9 million was transferred to Georgia from abroad between January and April 2020. The leaders in terms of transferred money are Italy, Russia, Greece, the United States, Israel, and Turkey. About $64.1 million was sent from Georgia to other countries during the same period. The development of cooperation and expansion of the partner network in Georgia will allow Unistream to provide more convenient and affordable service to a growing number of customers.
“Joining the Unistream system will allow us to increase the volume of services we provide to our customers and improve their satisfaction. After all, our customers are deeply interested in affordable international money transfers, and now they will be able to send and receive Unistream transfers 24 hours a day,” says Tamara Gogodze, the CEO of Rico Express.
Unistream transfers can be sent from the Rico Express service points in dollars, euros, and rubles. Transfer commission rates will start at 0%.