OREANDA-NEWS. October 05, 2009. IBA has launched co-operation with the next payment system. The IBA press service informs that Bank has started acceptance and sending of urgent money transfers for individuals without account opening in international system Western Union (WU).
 
Advantages of the money transfer system are obvious — fastness (5-10 minutes), safety (advanced technologies of information protection), acceptable commission (commission of 2-3% of transferred sum), convenience of registration (without the necessity to open a bank account).
 
WU system is world leader in the area of urgent money transfers and covers the majority of countries throughout the world. It is numbering over 379,000 offices on delivery and sending of urgent transfers in 200 countries of the world.
 
WU services cover customer segments С2С and С2В. All the IBA branches are to begin work in the system.
 
In this connection Bank’s press secretary Rauf Agayev reminded that the IBA is already working with such systems of urgent money transfers for individuals without account opening as Contact, XpressMoney, Migom and uses own transfer systems with IBA-MOSCOW subsidiary.
 
The Bank does not intend to stop on the achieved and negotiates about connection with a range of other urgent money transfer systems.