AraratBank has expanded its remittance network, undertaking a new cooperation with Fora Bank.

Fora-Online mobile app users can send money from Russia to Armenia to ARARATBANK OJSC individual cardholders (account holders) by specifying the beneficiary's phone number. Note that remittances (account top ups) are made within seconds without charges to the beneficiary.

"Seeking to become a customer-centric bank, AraratBank is continuously taking actions to expand the scope of money transfer services for customers to make a selection from a wide range of remittance systems," the statement reads.