UNIStream starts cooperation with Bank of Georgia

13.08.2009

The international money transfer system UNIStream and Bank of Georgia have launched the project to develop system’s outlet network through the Georgian bank. Partnership agreement between two financial institutions was signed in July this year. Having started cooperation with the Bank of Georgia, UNIStream plans to step up the number of the service point by 135 in the republic. Currently the number of outlets is 350 locally. The system is in partnership agreements with 7 financial institutions in Georgia.

The system’s leadership believes start of the project is a part of the program aiming at further development of a solid service network in the CIS where UNIStream now operates nearly 9,000 outlets.

“In the present market conditions, competitive ability [of a system] vitally depends on how its service point network is developed. That is why we carry on an intensive work to step up our operation basis, working actively in all countries of the CIS,” the CEO for UNIStream, Souren Hayriyan said.

“The CIC has so far been one of the fastest progressing segments of the world money transfer market.”

He reported the amount of transactions UNIStream processed in Georgia in Jan-June reached $59 million. The market share of the system is over 13 percent in the market of Georgia.



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