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Russian kiosks double money transfers in 2014

Moscow-based QIWI plc and partner UNISTREAM International Money Transfer System announced that QIWI kiosk money transfer volume "nearly doubled" compared to the previous year's period.

September 17, 2014

Moscow-based QIWI plc and partner UNISTREAM International Money Transfer System announced that QIWI kiosk money transfer volume "nearly doubled" compared to the previous year's period.

The payment services providers began a partnership in 2009 to introduce money transfers through QIWI kiosks. By 2011, UNISTREAM unified card client holders received access to money transfers through the kiosks and the transfers grew close to 100 percent yearly.

Through November customers can transfer money through the self-service kiosks commission free.

To access the system, users can either enter their UNISTREAM client card number or the names of the sender and recipient.

"For the last five years Russia has been among the countries where money remittance services are very popular. Moreover, not only within-country transfers are in demand, transfers outside the country play an important role as well, especially transfers to CIS [Commonwealth of Independent States] countries. Rapid increase in volumes proves not only the relevance of our service, but also its convenience for such type of payments," said Anna Stoklitskaya, managing director of QIWI group, in the announcement.

QIWI's network includes 171,000 kiosks and 70 million users, the company said, with operations in the following countries: Armenia, Belorussia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Tajikistan, Uzbekistan and Ukraine, as well as non-CIS countries including Bulgaria, the U.K., Vietnam, Israel, Mongolia, Czech Republic and Turkey.