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Sigue Money Transfer system already available in VTB Bank (Armenia) at reasonable tariffs

  • by Erik Abrahamyan

  • Wednesday, March 19, 11:05

Starting from 18 March 2014, the customers of VTB Bank (Armenia) can make use of the new Sigue Money Transfer (SMT) system without opening any accounts and remit funds in US dollars and euros from/to 145 countries.  

The press service of VTB Bank (Armenia) has told ArmInfo that Sigue Money Transfer will allow individuals to send and receive money transfers from the 67 branches of the Bank to any point of the world for at least 3 USD/EUR. The maximum amount of the transfer is 15,000 USD or 15,000 EUR.  
To save time, the customers can make use of the VTB Transfer service to receive the money without visiting the Bank. They need to make the VTB Transfer service active on all types of cards of VTB Bank (Armenia) or to acquire a special VTB Transfer card by dialing 87-87 and telling the transfer code - the amount will be transferred to the recipient's card in real-time mode.     

"Our Bank's customers actively use money transfer systems and we seek to provide them with a wide choice of transfer systems. This is why VTB Bank (Armenia) offers its customers a new reliable and technological partner in the money transfer market", said Yuri Gusev, Director General, Chairman of Directorate of VTB Bank (Armenia). 

SMT inclusive, VTB Bank (Armenia) is currently working under 9 money transfer systems: MoneyGram, Avers, UNIstream, Fast Mail, InterExpress, Intel Express, Anelik, Ria Money Transfer. This ensures the Bank's high competitiveness in the market of banking services.

To note, from its inception in 1996, the Sigue family of companies has been dedicated to providing excellence in money transfer services from the United States to Mexico. Through a series of acquisitions, culminating in its largest and most recent acquisition in 2011, Sigue today is the largest privately held global provider of remittance services and one of the top five companies in the money transfer industry.  Sigue, as a leading global money transfer company, now has operations in over 145 countries. The company has offices in 15 countries and operational centers in the United States, Mexico and India. 

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