The leadership of the international money transfers system UNISTREAM has officially announced that the company is planning to enter Kazakhstan market in the end of 2006 – beginning 2007.
“We consider Kazakh market as one of the most promising market in the CIS. The Kazakh government has managed to reach significant results realization of large oil-gas projects, reforming of the state and banking sectors. The republic features permanent and stable GDP growth and we believe it is the right moment to enter the Kazakh market,” CEO for the UNISTREAM, Souren Hayriyan said.
He also added that currently the experts of UNISTREAM estimate the Kazakh market potential at $3 billion and UNISTREAM plans to reach a 25 percent market share in Kazakhstan.
“At the moment we have completed the first stage of the program targeted at out our Kazakh campaign. The first stage included marketing research and developing the strategies with the accent of the local features. We aim to hold talks with the leading Kazakh banking institutions soon and expect the first money transfers will start at the end 2006 – beginning 2007.
The UNISTREAM system demonstrated a $750 million amount of transactions in 2005 and aims to reach a $2 billion turnover in 2006. The system has over 200 partnership agreements signed globally.