Number of transfers up 7 percent in Jan-June . Volume up 2 percent


The number of transfers processed by the international money transfer system UNISTREAM in the first half of the year 2010 totaled 2.75 million, a 7 per cent growth compared to the same period last year. A year ago the same indicator was 2.57 million.

Summing up the H1 results, UNISTREAM experts pointed out also that the amount of transactions rose by 2.07 per cent, reaching $ 1.58 billion against $ 1.55 billion in Jan-June of 2009.

The volume of transfers in the second quarter of this year totaled $ 0.91 billion.

The experts UNISTREAM associated growth in operational and financial results primarily with the successful implementation of projects in all spheres of the company’s development.

The first half of the year was marked by rapid development in the major international corridors, particularly in Asia and the Gulf countries.

In China and Bangladesh, the system successfully launched projects to provide the clients t with not only cash-to-cash options, but also cash-to-account services.

Operations in Greece via Unistream Greece also started in the period.

Intensive development took place in the former Soviet republics, where, in addition to the major partnership projects, UNISTREAM expanded its terminal program in the CIS.

The system implemented a 1-percent tariff option, regardless of the amount as well as number of others innovative solutions.

Commenting on the results of the first half of the year, the CEO of the system, Souren Hayriyan said that the UNISTREAM’s activities included many interesting integration projects as well as projects related to the expansion of product range.

"At the end of June, the system went out, operating 198 000 items, including terminal network. The number of UNISTREAM partners is now 320, which gives additional possibilities for further successful progress in the second half [of the year], "said Hayriyan.

Given the rapid dynamics of the market and competition between the players, the system is going to further make efforts to enhance its competitiveness in all its directions ranging from the tariff options to the product line.

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