Oshchadbank has started using the Golden Crown — Money Transfer system for money transfers

A large-scale technology project facilitated the use of the system in more than 1,300 Oshchadbank service points, while the infrastructure of Golden Crown — Money Transfer in Ukraine is employed in more than 7,000 service points. Oshchadbank serves USD and Euro money transfers within the system. By the end of the year, the Bank plans to increase its service network up to 2,000 service points.
‘Being a full-service bank, Oshchadbank endeavors to regularly expand its services. Cooperation with the Golden Crown — Money Transfer is a significant proof of such a policy. A new service is a step forward for our customers. Now, they have another money transfer service they can benefit from. The apparent advantages of the Golden Crown are low tariffs and instant transfers plus the extensive network of service points provided by the Bank,’ comments Anton Tyutyun, Deputy Chairman of Oshchadbank Management Board.
‘Partnership with Oshchadbank will significantly strengthen the system’s positions in Ukraine,’ believes Ivan Sitnov, the Director of Golden Crown — Money Transfer system, ‘In 2010 we focused on service infrastructure in Russia and significantly expanded our partner pool there, including banks and retail chains. This strategy allowed us to more than double the number of system users that transfer money to Ukraine. This year we are focusing on our wide service network in Ukraine. It is essential to have a powerful partner in this highly competitive market and Oshchadbank is the right partner for us. With one of the most developed, nationwide service networks, the Bank leads in Ukrainian money transfer market. This expansion is a crucial step in supporting our plans for enlarging our market share in the Russia–Ukraine direction by 25% by the end of the year.’