UNISTREAM starts operations in Serbia

03.11.2010

The international money transfer UNISTREAM has started operations in Serbia. Having implemented an integration project with one of the largest banks in the country, Agrobanka AD, the system opened the option for its customers to receive money through the bank's branches.

By the Serbian law inbound remittances only are allowed on the territory of the country.

With the beginning of the project, the UNISTREAM services are available in 50 locations in the large cities such as Belgrade, Novi Sad and Nis, Great Plan, Kraljevo and others.

In total, the bank operates more than 120 offices, which will be connected later to provide the UNISTREAM services.

Over the past year the system has seriously strengthened its positions in the Balkans. The most intense pace is the development of its network through an affiliated Athens-headquartered company Unistream Greece.


Own networks operate also in the United Kingdom, Cyprus and Germany.

UNISTREAM became the first Russian systems, that has successfully passed the necessary procedures and obtained unified pan-European license in Germany. It enables the system to operate EU-wide.

“We gradually move forward in development of the European remittance corridor that features enormous potential and great growth in demands for these services,” the CEO for UNISTREAM Souren Hayriyan said.

He noted that Europe has been and will remain a giant donor –region in terms of remittances.

“Our European strategy is based on intensive development in all direction as a solid international money transfer player,” he said.



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