Q3 results

08.10.2007
The amount of transactions of the international money transfers system UNIStream reached $1 billion 145 million in the third quarter of 2007. This demonstrates a 97% growth compared with the same period of the last year, when the system processed the volume of transfers worth $581 million.

Thus, the amount of transactions totaled $2 billion 434 million in January – September of 2007, a 1.9-fold growth against the first nine months of 2006 when the turnover accounted to $1.3 billion. The system became the first in Russia to reach a $2-billion annual amount.

In his comments, the CEO for UNIStream Souren Hayriyan said that stepping up the amount of transactions is a key aspect in the company leadership work.

“Currently, the market grants the players an excellent opportunity to move ahead. We see growing interest in money transfers services and intensifications of migration processes as well as integration of the systems into the global money transfers market,” he said adding that the segment grew 70% in the past 12 months.

In the third quarter, the system increased its global service points network globally from 25 000 to 46 000.
“We plan to reach a 5% market share globally in a 10 – year period and, if we keep such high growth rates, we will perform the task,” Hayriyan said.

Currently, the system operates in 90 countries around the globe, serving up to million clients per annum.


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