OREANDA-NEWS. December 25, 2013. Sviaz-Bank’s BLIZKO Payment System has entered the money transfer market of Ivanovo Region, after the IVANOVO Commercial Bank, OJSC, Ivanovo, has joined the BLIZKO system as its latest member.

The BLIZKO Payment System now has a presence in Kineshma, Suzdal, and Komsomolsk, in addition to Ivanovo, in the region.

Cooperation between the lending institutions will enable IVANOVO bank customers to make instantaneous money transfers in rubles, U.S.dollars, and euros to destinations in Russia, CIS member countries, and other countries without opening accounts or indicating the recipient’s exact address. The money transferred can be collected at any BLIZKO service points in countries of destination.

“IVANOVO Bank is one of the leading and fastest growing lending institutions in the region today. Ivanovo Region residents are involved intensively in migration flows across and beyond Russia, and money transfer is a service in high demand here. From now on, IVANOVO Bank customers will have one more fast and convenient way of transferring money to relatives, friends, and colleagues,” said Andrei Laikov, the manager of Sviaz-Bank’s BLIZKO Payment System.

The money transfer service is offered customers at a minimum fee, an average 0.6% of the amount transferred across Russia, and 0.5% to 0.8% to other countries.