The Unsitream bank specialized in money transfers has inked partnership agreement with the largest Polish payment system Intessit p.z.o.o.ul., the Unistream press-service reported.
The Intessit covers 80 banks and 1200 post branches in Poland.
By signing the agreement, UNIStream begins cooperation with the leading Polish system getting access to over 7,200 service points in Poland, the press-service stated.
Commenting on the agreement, the CEO for UNIStream, Souren Hayriyan said that UNIStream has become the first Russian money transfers system to perform such a great expansion in not only the Polish market bust also in the European market.
“Taking into account the incredible Intenssit’s IT facilities based on the exclusive PayDirect Platform, as well as the role it plays on the Eastern and Western Europe market, we can say that the system has done a great breakthrough on the Western corridor. Signing the agreement leads to dramatic changes in the alignment of forces in the European market where Poland plays significant role in migration processes,” Hayriyan said.
UNIStream currently controls 25% of the CIS market. With a $1.85-billion turnover in 2006, the system operates over 30,000 service points world wide. It demonstrated a $496-million amount of transactions in Q1, 2007 and aims to reach a $4-billion volume of transfers in 2007.