ARMECONOMBANK JOINS WORLDLINK INTERNATIONAL PAYMENT SYSTEM
ArmInfo
2009-07-29 13:27:00
ArmInfo. Armeconombank has joined Worldlink international payment
system, Armeconombank press-service told ArmInfo.
Alongside with the systems of international remittances, the bank
offers a fast, easy and safe service through "one window" to satisfy
all the requests of clients. In particular, Worldlink international
payment system offers remittances in terms of 135 currencies to 180
countries without additional commissions. Alongside with the above
system, the bank deals with 9 international payment systems: Migom,
Anelik, Money Gram, Blizko, Bistraya Pochta, BTF-Soyuz, Leader and
Ria Money Transfer. Total remittances through these systems made up
34.5 billion drams on July 1 and 7.6 billion drams for the first half
of the year alone; including 91% was the share of remittances from
abroad. The largest volume of remittances via Armeconombankbank was
made through the systems Migom, Money Gram and Bistraya Pochta.
Participation in the Money Gram system makes it possible for the
bank to restore the remittances with the remote states where no
other systems are present. For this purpose, the bank launched
cooperation with the Worldlink payment system. Experts forecasted
that total decline of private transfers to Armenia in 2009 may reach
30-35%. Nevertheless, transfers grew already in May as global prices
of oil rose. Hence, correlations of world oil prices and the volume
of transfers have become quite obvious.
The rise of global price of will contribute to stabilizing economy in
Armenia and maintaining upward trends of private transfers to Armenia
from Russia till the end of 2009 (85% of total transfers).