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Blizko system of money transfers to operate throughout Armenia as of September

18.06.2008, 03:34
Blizko system of money transfers is to operate throughout Armenia as of September. HayPost (Armenian Post) company joined the Blizko system of money transfers on June 2, the Press Service of HayPost reported.
YEREVAN, June 17. /ARKA/. Blizko system of money transfers is to operate throughout Armenia as of September.

HayPost (Armenian Post) company joined the Blizko system of money transfers on June 2, the Press Service of HayPost reported. Blizko system has over 3,200 centers, including 800 centers in Russia with 100 of them being in Moscow.

Money transfers through Blizko system give an opportunity to get the amount in a minute, while the eight-digit code ensures security and reliability of the transaction, says the report.
Blizko system is to operate in compliance with the policy CBA (Central Bank of Armenia). Particularly, all payments are to be effected in Armenian drams. In the beginning, Blizko system will be available in five post offices of the country.

Introduction of the system will give Haypost an opportunity to take a larger part in the market of money transfers and offer Armenian citizens more reliable and accessible services in this sector, said Hans Boon, General Director of HayPost closed joint stock company.
 
He also said that HayPost intends to introduce more comfortable international systems of money transfers, which will allow the company turning into a universal company effecting money transfers. Blizko system of money transfers is introduced in Armenia together with Russian Sviaz-Bank.

Earlier Executive Director of Sviaz-Bank open joint stock company Andrey Laykov said that money transfers between Russia and Armenia are expected to total about $1.6-2bln drams in 2008 against over $1bln drams in 2007. He said that in the beginning Blizko system is expected to attract about 10% of the overall volume of money transfers.

Maximum one-time transfer through Blizko is $10,000 with the payment for transfer constituting 1.5-2.3% of the amount being transferred.

HayPost closed joint stock company is the national post operator of the Republic of Armenia. It has 900 post offices and 41 regional departments throughout the country. The company’s staff is 4,000 people. Under the agreement signed on November 30 HayPost was transferred in trust of the Dutch HayPost Trust Management company. –0--