Global Consumer Money Transfers Conference’s prinsipal sponsor Unistream signs partnership agreement with Instant Cash World Wide
Unistream, the leading money transfer operator in Russia has signed a partnership agreement with the international money transfers system Instant Cash Worldwide, part of the House of Patels group in India
Unistream, which has had a turnover of $1b 300million this year leads the Russian field of money transfer operators. The target is $2billion by the end of the 2006.
The agreement with Instant Cash Worldwide, already a solid player in the world money transfers market, will accelerate both interests.
Instant Cash Worldwide operates service points in the US, Canada, Africa, Middle and Far East. The Company plans to step up the number of service points from the current level of 3,000 to 5,000. It operates 200 service outlets in the UAE and is planning to expand its current operations in the United Kingdom from 300 to 500.
Says the CEO of Unistream, Souren Hayriyan:”The agreement with Instant Cash Worldwide is an important event for our company. By signing the agreement, we have entered massive money transfer corridors – from Russia to the UK, to India, Middle East, the US – the result will be worth $20billion, we believe.”
This will mean that Unistream will reach its 10% market share in these areas and increase its turnover by $2billion extra in the future. Combined with Instant Cash Worldwide, UNISstream has 25,000 service points around the world.
Unistream, will be making a presentation of its new services at the forthcoming Global Consumers Money Transfer Conference on Monday 30th October at the Mandarin Oriental Hotel, Knightsbridge, London. It will be chaired by Lord Lamont of Lerwick. Among the topics will be a discussion on the strengths of partnership agreements.
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