MONEYGRAM, one of the largest international money transfer systems, and its Russian counterpart BLIZKO are uniting their networks, Kommersant was quoted as saying. SVYAZ BANK, which develops the BLIZKO project, says BLIZKO clients will be able to transfer money to any MONEYGRAM point throughout the world after the systems are unified. The range of services is expected to be expanded in the long term; clients are to be able to pay mobile communications and Internet bills. MONEYGRAM has more than 1,000 service centres in Russia and about 100,000 outlets in more than 170 other countries. BLIZKO has 1,050 service points in Russia, Armenia, Azerbaijan, Belarus, Georgia, Kyrgyzstan, Moldova, Uzbekistan, Ukraine and Tajikistan. Experts say an alliance with BLIZKO will allow MONEYGRAM to enter the Russian internal rouble transfers market and win over some clients from traditional market leaders, WESTERN UNION and POCHTA ROSSII, by offering lower tariffs.
Source: WWW.KOMMERSANT.RU
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