YEREVAN, May 25. /ARKA/. Areximbank- Gazprombank Group joined Unistream money transfer system between individuals without having banking accounts, the bank’s press service reported ARKA.

The system operates in transferring money between CIS states and some foreign countries. Transfers are made in USD, euros, and Russian rubles.

Areximbank-Gazprombank Group already manages remittances via “BISTRAYA POCHTA,” “MIGOM,” “CONSTACT,” “MONEYGRAM” and “BLIZKO.”

According to the source, the bank launched money transfers “Gazprombank-Express” from Russia to Armenia, and in the nearest future it intends to join ANELIK system.

“Moreover, we are negotiating with another money transfer system, that has 50% share in Russian and CIS market,” the press release says.

Areximbank-Gazprombank Group (formerly Areximbank) was established in 1998 to handle financial flows between Armenia and Russia. It is a principled member of VISA International and MasterCard International payment systems. In 2007 it joined Armenian ArCa payment system. The bank is owned fully by Russian Gazprombank. -0