Unistream ensures $551 million turnover in 2009

PanARMENIAN.Net - In 2009, Unistream international money transfer system ensured $551 million turnover, which makes more than half of transfer volumes in Armenia, Unibank's press service reported.



Transfers in the above-mentioned period exceeded $712,4 thousand.



According to Unistream Service and Control Department head Natalia Ter-Gevorgyan, the system has been widely popular in Armenia since its inception.



"Demand for the service is conditioned by low tariffs (starting from 11%) and high speed money transfers. The transferred sums are available to recipients within 10-15 minutes upon delivery," she said.



The service also enables clients to make payments for imported products and utilities, as well as redeem credits.



Using the service, Unibank clients can also formulate U-stream overdrafts at discounted costs.



The bank also prepared New Year souvenirs for the clients who made transfers via Unistream no less than 20 times in 2009.



Unibank was founded in October 2001. Its shareholder is Ripatonso Holdings Ltd. (100%). The bank participates in  IFAD program aimed at boosting investments in rural areas. It is also participant in ABN and AMRO risk management programs and National Center for Assistance to Small and Medium Enterprise Development program. Unibank is a member of ArCa and Visa International payment systems. It currently has 34 branches, with one of them - Zvartnots - working round the clock.