ARARATBANK – REPRESENTATIVE OF WESTERN UNION FINANCIAL SERVICES INC IN ARMENIA

arminfo
2007-10-29 17:50:00

ArmInfo. ARARATBANK has got a status of agent of Western Union
Financial Services INC in Armenia. As Arminfo was informed from the
bank, the relevant contract has been recently signed.

According to the source, the new status will make it possible for the
ARARATBANK to assist Armenian banks and organizations, which implement
transfers by the Western Union system. ARATBANK gave an opportunity to
join the territorial sub-divisions of banks and partner-organizations
to the system.

To note, one of the acting Yerevan branches of ARARATBANK is the
only one in the TransCaucasus, which specializes in the Western
Union system. As chairman of the board of the bank Ashot Osipyan old
ArmInfo correspondent earlier, the bank is drawing out the strategy
of extension of services on Western Union system.

To note, by the end of the year ARARATBANK is going to increase the
number of its branches from 8 up to 10, ensuring presence in the
most populated regions of the country. The bank is going to join the
international payment system Master Card International soon.