The Moscow-based money transfer system UNIStream has inked a partnership agreement with Change Center in Israel. The deal enables to provide the UNIStream’s services in the service points of Change Center and, the clients of Change Center will have access to the services in the UNIStream’s service point network.
In his comments to the agreement, the CEO for UNIStream Souren Hayriyan said the Israeli corridor is very important for the system.
“Taking into the account a great number of immigrants from the CIS [residing in Israel] and growing popularity of the country as one of the World greatest tourist destinations, we believe Israel is a very important direction to develop a strong partnership network [there].”
Hayriyan pointed out that the agreement not only opens 22 new service points for UNIStream in Israel but also is very promising since the Israeli company is very active in developing its dealer network.
Before the deal was signed, the system cooperated only with the Romanian operator Smith&Smith in Israel and only inbound transfers were provided.
The UNIStream leadership believes that cooperation with Change Center will drastically increase the volume of transactions in Israel.
In 2007, the UNIStream turnover in Israel increased almost 4.5 times to $1.8 million.
UNIStream is a Moscow-headquartered money transfers system serving over a million clients a year. With the volume of transactions worth $1.85 billion in 2006, the system operates over 50 000 service points around the globe.
It controls over 25% of the CIS market, and on a half way through to transform itself into a solid international business.