OREANDA-NEWS. May 25, 2012. May 23, 2012 marked a remarkable event in history of Kapital Bank as for the first time USD 500 was transferred through Khazri money transfer system from Baku to Lviv, Ukraine.

Kapital Bank`s partner in Ukraine is “Oschadbank”, one of the country`s leading banks. Khazri system is currently applied in 2,400 branches of “Oschadbank”. The number of bank branches in Ukraine, which apply Khazri system, will be increased to 2,800 in the coming months.

Khazri, an immediate money transfer system, was launched in 2007.

The system`s advantages include the simplicity of the tranfer procedure, low commission rate (1.5% for the amount of the transaction) and rapidness of the money transfer procedure (nearly 10 minutes). The system covers all regions of Azerbaijan.

Khazri system has been applied in several regions of Russia since 2010.