UNISTREAM starts operations in Kenya through FSI Capital

23.08.2010

International money transfer system UNISTREAM started operations in Kenya. It has successfully completed the integration with the company FSI Capital Ltd.

The FSI’s central office is located in Nairobi. Founded in 2001, the Kenyan company provides customers with a wide range of financial services including remittances.
Now UNISTREAM services became available in the branches of FSI Capital, which marks system’s start-up in the country and actual beginning of the deployment of its network on the African continent, where its coverage is yet dotty.
"We realize the potential of the African continent in terms of remittances, and, given the migratory flows fr om Africa to Europe, where the company is developing very rapidly, we intend to intensify our development efforts in Africa," said CEO for UNISTREAM, Souren Hayriyan.
Last year the system has made substantial progress becoming a major international provider in the remittance market.
“[The system] has made significant progress in development of its network in Asia, especially Bangladesh, Nepal, India and China, "said Hayriyan," however, it should be noted also what we have achieved in Europe, where the system builds up its networks through affiliates Unistream Cyprus, Unistream Greece, Unistream UK Unistream Germany and in Cyprus, Greece, the UK and Germany respectively.
He pointed out also that recently the system managed to get a pan-European license that gave the green light to the most intense development in all EU-countries.
In the CIS, where UNISTREAM is one of the leaders, the system succeeded in carrying out innovative projects, including the introduction of unified customer's card, transferring its work into a new level of quality.
Serving 12 million customers a year, the system operates 190 000 outlets in 95 countries.



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