Golden Crown – Money Transfer Service achieves 35% turnover growth in 2013

Golden Crown – Money Transfer Service reviewed results of 2013. Service turnover reached RUB 572bln, thus demonstrating a 35% growth compared with 2012. Amount of transactions exceeded 31 mln.

Results of Q4 2013 showed a stable growth dynamics of all key business trends. During 3 months of 2013 RUB 166bln were transferred via the Golden Crown – Money Transfer Service, amount of retail transactions exceeded 8 mln. 30 credit institutions from RF and CIS countries with the total amount of locations equal to 4.5 ths became Golden Crown partners.
During 12 months of 2013 Golden Crown has signed partnership agreements with more than 100 banks and trade networks in Russia and CIS countries and the total number of service participants and partners exceeded 550. Service infrastructure grew more than by 20%. Golden Crown’s new partners include such financial and credit institutions as ROSBANK, RROSGOSSTRAKH BANK, BINBANK, Sobinbank, Baltinvestbank, Center-invest, Azerpoct, VTB-Kazakhstan, National Bank for Foreign Economic Activity of the Republic of Uzbekistan, TBS Bank (Georgia) etc.
“I do consider the signing of new partnership agreements to be our key goal of the past year, this enabled us to strengthen positions in all regions of our presence”, - says Ivan Sytnov, Head of the Golden Crown – Money Transfer Service. – And this result has been largely achieved due to the fact that the Bank of Russia recognized the Golden Crown to be a socially important payment system”.
The Golden Crown – Money Transfer Service is showing steady positive growth in turnover of money transfers across Russia. Domestic transfers in 2013 made the top three of directions via the Golden Crown together with Uzbekistan and Tadzhikistan. Domestic money transfers grew by 44%.
Service has also strengthened its positions in Ukraine. In 2013 its turnover of transfers sent from Ukraine grew twice along with 80% growth of transfers sent to Ukraine. The service holds leading positions among other systems of money transfers regarding such directions as Georgia, Kirgizstan and Kazakhstan.
In 2013 Golden Crown – Money Transfer Service has widened territory of its presence due to opening of new corridors to Czech Republic, Mongolia, Vietnam and Israel. Thus currently people can use the service in 15 countries already.
Besides in 2013 service partner banks have been successfully transferred to a new-generation software.
“Key business trends for 2014: further expanding abroad, products development based on mutual usage of the payment system services potential, as well as widening of the infrastructure that will ensure payment services provided to various social groups at a walking distance”, – comments Ivan Sytnov, Head of the Golden Crown – Money Transfer Service.

Golden Crown – Money Transfer Service is a part of the Golden Crown Payment System with the Credit Union “Payment center” (ltd) (registration number 0012 dated December 20, 2012) as its operator. The Service performs money transfers without opening banking account and its service network comprises more than 40 ths of locations in the territory of Abkhasia, Azerbaidzhan, Belorussia, Vietnam, Georgia, Israel, Kazakhstan, Kirgizstan, Moldova, Mongolia.