Unibank, one of the most famous banks in Armenia, together with Moneytun, a Nevada corporation, a money service business, with the U.S. Department of the Treasury, has announced the start of cooperation in the sphere of money transfers in the USA.

Now, clients can make money transfers via Moneytun system at the 50 branches of Unibank. Money can be transferred in USD.

“It is a sizable addition to our footprint in Armenia and it is humbling to be able to work with such an iconic financial Institution. Unibank is one of the pioneers of remittance providers in Armenia and Moneytun has lot to learn and benefit from this historic partnership,” said Arthur Avetisian, a Managing Member at Moneytun.

“The services, provided by Moneytun, will be a great addition to our remittances product line. We are excited, adding an Armenia-centric remittance operator and looking forward towards fruitful cooperation between our financial institutions,” said Natalya Ter-Gevorgyan, Unibank’s Head of International Remittance Systems Department.

This is the fifth cooperative agreement announced by Moneytun with an Armenian bank. Moneytun now has the most extensive remittance network for international remittances in the Republic of Armenia.

Moneytun Money Transfers is a registered trademark of Moneytun LLC, a Nevada corporation registered with the U.S. Department of the Treasury as a Money Service Business (MSB) and licensed in Nevada and California as a Money Transmitter. Established in 2007, the company builds on the experience of its founding members to provide money transfer services to 85 countries all over the world, with over 60,000 payout locations. Moneytun utilizes state-of-the-art financial & IT systems to accomplish its goals of superior service and precise understanding of its client needs. More information about the company can be found here.

Unibank was established in October 2001, with strategic directions towards retail business development and assistance to small and medium businesses. Nowadays, over 400 thousand clients get served at Unibank. The service network of the Bank covers 50 branches and more than 100 promo points. Unibank was the first bank in Armenia to issue shares through an Initial public offering (IPO) at NASDAQ OMX Armenia (AMX|Armenia Securities Exchange). Moody's International rating agency assigned Unibank a B2 / NP rating with a “Stable” outlook.

More information about the bank can be found here.