The international money transfers system UNIStream and the UAE-based ARY FOREX Ltd. have completed works to integrate the two networks. This follows an agreement signed on May 2007. According to the agreement, the ARY’s clients get access to the services in all UNIStream’s service points, and the clients of UNIStream will be served in the ARY’s outlets. ARY FOREX is currently operating over 16,000 service points.In his comments to the agreement, the CEO for UNStream Souren Hayriyan said it is significant for the international remittances market and manifests the general cooperation and integration trend.
“ARY is a solid international player. Its service points are present in Australia and Canada, Egypt and India, New Zealand and Nepal. In China, Indonesia, Malaysia and Thailand, it is represented in all national banks».
Since the agreement was signed, the specialists of the companies have been diligently working on solution of the wide spectrum of the technical and organizational tasks.
«I would like to note that cooperation with ARY will significantly strengthen the company’s positions globally since ARY successfully operates in 30 countries», Hayiryan said.
He added also that cooperation agreements with world market players are a key component in the company’s strategy to develop its partnership network world wide.
In 2007 alone 119 new financial institutions joined the UNIStream network to raise the number of members to 330.