ARARATBANK STARTS PERFORMING MONEY ORDERS THROUGH MONEY GRAM SYSTEM

ArmInfo
2009-03-23 14:03:00

ArmInfo. ARARATBANK has started carrying out the first money orders
through the international payment system Money Gram, press service of
ARARATBANK told ArmInfo. To recall, the Central Bank of Armenia allowed
ARARATBANK to take part in Money Gram system on December 16, 2008.

According to the source data, ARARATBANK extends its participation in
different international payments systems and offers a wide spectrum
of services to its clients. The bank carries out money orders not
only in the head office but also in all its 25 branches. Moreover,
the bank has created a specialized branch on Mashtots Avenue 25 for
the Money Gram system orders.

According to the source, the bank has become a member and
representative of Express Money international system two months
ago. ARARATBANK carries out money orders also through the Quick Post,
Anelik, Migom, Blizko, BTF- Union, Private money, Averse systems.

Money Gram system is functioning in 180 countries of the world and
has 160,000 service points. The system in CIS countries has 13400
service points.