Monday, December 15 2014 18:31

HayPost and Russian Post sign an agreement to implement "Forsage" money transfer system between Armenia and Russia


ArmInfo. HayPost and Russian Post signed an important Agreement in order to implement "Forsage" express money transfers system between Armenia and Russia, the press service of HayPost has told ArmInfo.

According to the Agreement, HayPost and Russian Post will connect their Post Offices, 44.000 in Russia and 900 in Armenia, through "Forsage" system.

This system, new for the Armenian market, will allow the population to send and receive money transfers fast and at very competitive rates from any Post Office in Russia to any Post Office in Armenia and vice versa, including those in the most remote rural areas.

The operations are planned to be launched in the first quarter of 2015.

Also, within the framework of this Agreement, the National Postal Operators of Armenia and Russia agreed to develop the e-commerce between the two countries.

To note, Forsage services are available in Moldova, Georgia, Azerbaijan, Kyrgyzstan, and starting from 2015 - in Armenia. The tariffs in the Russian market range from 1.2% to 1.8%. Further information is available at: http://www.russianpost.ru/rp/servise/ru/home/finuslug/forsage.

By the latest data, as of 1 Dec 2014, 10 international money transfer systems operated through the Armenian banking system: MoneyGram, Avers, UNIstream, Fast Mail, InterExpress, Intel …xpress, Anelik, Ria Money Transfer, Coinstar Money Transfer, Sigue Money Transfer (SMT).
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