UNISTREAM extends money transfer services in Tajikistan

DUSHANBE, February 13, 2012, Asia-Plus  -- International money transfer system, UNISTREAM, has reportedly extended its money transfer services in Tajikistan.

Henceforth, the company’s services are available in all branches of the microfinance deposit-taking institution (MDI) “Matin.”

“Remittances are available in Russian rubles, dollars and euros, Olga Skorokhodova, an official with UNISTREAM, noted.

In Tajikistan, the UNISTREAM money transfer network reportedly cooperates with 14 financial institutions.  A total number of UNISTREAM’s service outlets in Tajikistan is now 700:  142 outlets are located in Dushanbe; 41 are located in Khujand; and Qurghon Teppa, Isfara and Panjakent have 25 UNISTREAM’s service outlets each.

By January 1, 2012, the company’s money turnover in Tajikistan has reportedly increased to 375 million U.S. dollars.

Meanwhile, 362 million U.S. dollars were remitted from Russia to Tajikistan via the UNISTREAM system in 2011 and 18.8 million U.S. dollars were remitted from Russia to Tajikistan via this system last month.

UNISTREAM COMMERCIAL BANK (JSC) is registered in Russia as a Banking Institution licensed by the Central Bank of Russia to provide money transfer business. The Bank is the operational and coordination center of International Money Transfer System.  UNISTREAM provides money transfer services across 95 countries and territories, worldwide.

UNISTREAM core business is cash to cash money transfers between individuals without having banking accounts. Besides, UNISTREAM product portfolio also consist of cash to account; cash to card; commercial payments (loans repayments, utilities payments, etc.), Internet payments and mobile money transfers. UNISTREAM has established partnership with several International Organizations: principal member of IAMTN (International Association of Money Transfer Networks), regular participant in BACEE (Banking Association for Central and Eastern Europe), member of Eurogiro technical solution and SWIFT.

The system operates over 190 000 outlets including terminals worldwide. Serving up to 6 million clients per annum, UNISTREAM has affiliates in Greece, UK, Cyprus, and Germany. Based on both own service points and partner’s ones, the system is currently in partnership with over 350 financial institutions around the globe.

UNISTREAM has own representatives in CIS countries, Europe, USA and Asia who work actively with partners and diasporas in the region. UNISTREAM has a strong AML/Compliance team whose main focus is prevention of Money laundering and financing of terrorism.