Armenian Ardshinbank and Converse Bank stopped working with Unistream system
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The Armenian Ardshinbank has announced the termination of the Unistream payment system service. The termination of work with Unistream is also evidenced by information on website another Armenian credit organization is Converse Bank.
“From July 21, 2023, Ardshinbank CJSC will stop making money transfers through the Unistream fast money transfer system. This was reported by the press service of the bank. The bank apologizes to its customers and offers to make money transfers through the fast money transfer systems serviced by Moneygram, Intelexpress, Ria, Moneytun banks,” the press service of Ardshinbank said in a statement.
Converse Bank’s website states that you can receive a money transfer through Unistream by sending an application for a special Transfer Card. It will be possible to transfer funds from her account to a Converse Bank card, clarified in the press office.
On July 20, Unistream Bank, the operator of the payment system of the same name, hit under US sanctions. Operations with sanctioned banks are allowed until October 18. The restrictions include a ban on doing business with US residents, as well as a blocking of assets.
On July 21, the largest banks in Georgia Bank of Georgia and TBC Bank stopped customer service receiving money through the Unistream fast transfer system.
Read more about the consequences of the sanctions on July 20 – in the material “Kommersant” “In the fight against currencyism”.
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