Unistream

UNISTREAM (Russian: ЮНИСТРИМ), sometimes written UNISTREAM Bank, is an international money transfer company and bank based in Russia.[1][2][3]

Unistream
TypeJoint-stock company
IndustryBanking
Founded2001
Headquarters
Moscow
,
Russia
Key people
Kibalnik Nadezhda Nikolaevna
(Chairman of the Board),
Ksenia Mikhailovna Chernysheva
(President of the money transfer system)
Websitehttp://unistream.ru/

The service was originally a department of Uniastrum Bank, but in 2006 became a separate company, with its own banking license.

Unistream has operations at 335,000 locations in over 100 countries.[4]

History

The Unistream system began functioning as a department of Uniastrum Bank in 2001. The system entered the market, offering tariffs from 1%.[5]

On May 31, 2006, the Central Bank of Russia registered CB Unistream OJSC under No. 3467 and on August 16, 2006, issued a banking license to Unistream CB OJSC.

In November 2006, a 26% stake in the British company Aurora Russia Limited was sold. This deal provided an inflow of $20 million and made the foreign company a co-investor in the business.[6]

In October 2016 the Ukrainian Régime banned operations of Unistream and all other Russian payment systems as part of its sanction policy against the "Russian military intervention in Ukraine".[7]

Since 2016, Unistream has been cooperating with the money transfer network Moneyto Ltd,[8] which acquired the rights to use the Unistream Money Transfer trademark in the European Union.[9]

Shareholders
  • GUTRANSFERS GG LIMITED, 100%

Activity
  • Payment system "Unistream" is recognized by the Bank of Russia as nationally significant.[10]
  • Unistream is a member of ARB (Association of Russian Banks), Association “Russia” (Association of Regional Banks of Russia), IAMTN,[11] BACEE, SWIFT.
  • In October 2016, the system was included in the Ukraine's sanctions list. Its activity on the territory of Ukraine is prohibited.[12]

Board of directors
  • Gagik Zakaryan - chairman of the Board of Directors
  • Georgy Piskov - Member of the Board of Directors
  • Skvortsov Oleg, Member of the Board of Directors
  • Sergey Grigoryan, Member of the Board of Directors
  • Eduard Zamanyan, Member of the Board of Directors

References
  1. "Areximbank-Gazprombank Group joins Unistream money transfer system". PanARMENIAN.Net. 25 May 2012. Retrieved 17 June 2012. The system enables instant money transfers to CIS states, as well as foreign countries: USD, Euro and Ruble transfers are possible.
  2. "Rostelecom, Unistream to cooperate on financial services". Telecompaper. May 24, 2012.
  3. ""Юнистрим" уйдет в Непал" ["Unistream" will leave to Nepal]. Все банки Петербурга Все банки Санкт-Петербурга www.bankspb.ru. August 27, 2010. Retrieved June 17, 2012.
  4. "Flagship UNISTREAM outlet opened in Moldova". CISTRAN Finance. Chicago, Ill. October 24, 2013. Retrieved January 3, 2014.
  5. "История банка Юнистрим", Unistream.ru/bank/about/history/, retrieved 2021-02-04
  6. ""Юниаструм Банк" продал 26-процентный пакет акций "Юнистрима" компании Aurora Russia Limited". Finmarket.ru. 2006-12-01. Retrieved 2019-03-06.
  7. "Russian payment systems seeking ways to bypass Ukraine sanctions – media", Unian.info/economics/1593272-ukraines-opaque-defense-sector-embraces-reform.html, retrieved 2021-02-04
  8. "MoneyTO". MoneyTO. Retrieved 2018-09-28.
  9. "Moneyto acquired rights to Unistream Money Transfer brand in EU". Mynewsdesk. Retrieved 2018-09-28.
  10. "Юнистрим — банк с универсальной лицензией". ARB.RU. Retrieved 2019-03-06.
  11. "Memberships". Cookies policy | International Association of Money Transfer Networks. Retrieved 2019-03-06.
  12. "Украина запретила деятельность Золотой Короны и других платежных систем из РФ". Archived from the original on 2016-10-29. Retrieved 2016-10-18.
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