UNISTREAM enters Nigeria’s market

The international money transfer system UNISTREAM has started operational activity in the market of Nigeria. It has successfully completed the integration project with its first partner in the country, Reliable Transfer Koncern Limited (RTK Ltd). The project opened green light to inbound transfers in nearly 200 locations in 19 settlements and cities across the country, including Lagos, Abuja and Kaduna.

For example, in Lagos nearly 60 UNISTREAM outlets started operations.

Sending money to Nigeria through the system can be implemented in three currencies: U.S. dollars, Euros and British pounds. The clients receive money in the local currency, Nigerian Naira.

UNISTREAM  considers  launch in Nigeria as not only a successful debut in the country, but the actual start of the progressive development of the network in whole Africa.

Previously, the system was present in Egypt and Kenya only.

"Africa is a very attractive segment of remittances, considering how many people from different countries of the continent are sojourning in various countries in Europe, North America and other regions of the world", the president for UNISTREAM Souren Hayriyan said.

Hayriyan noted that 2011 was a year of intensive international development [of UNISTREAM]. Large-scale integration projects have been implemented in Asia. The company has intensively been stepping up its own networks through an affiliated company in Greece, Germany, UK and Cyprus.

We are actively working on the launch of specialized centers of remittances.

This year the UNISTREAM network worldwide rapidly increased to 250 000 points, including a terminal component. The number of countries where the system operates approached now 100.

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