UNISTREAM 2010 Q1 results: amount of transactions up 13 percent. Number of clients up 12 percent


The amount of transactions of the international money transfer system UNISTREAM totaled $678 mln. in January – March, up 12.8 percent compared to the same period last year. The number of clients rose 11.9 percent to 1.22 million.

The system believes the growth in its financial and operational indicators is due to the successful development of all projects planned including those in Russia, CIS and international corridors such as Asia and Gulf.

“2009 was a challenging year for the market however we managed to mobilize all our resources and created necessary conditions for rapid growth in the first said the CEO for UNISTREAM Souren Hayriyan.

He especially mentioned important role development of terminal network and mobile transfers as well as the innovative projects in Asian regions played in successful operational performance in 2010 Q1.

"In early 2010, many projects that started in 2010, came from local and regional levels to international level. This gave an additional and important impetus to the development of the system in the first quarter, "said Hayriyan.
The system entered the second quarter of 2010 operating 190 000 service points worldwide.

Out of these, 15 000 service points are in the CIS. UNISTREAM is currently in partnership with 330 international institutions worldwide.

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