OREANDA-NEWS. November 24, 2008. Bank 'Finance and Credit' representing AVERS own money transfer system and Zolotaya Korona – Money Transfer proceed with implementation of partner agreement on the integration of the two systems in the sphere of acceptance and payment of money transfer in Ukraine and Russia.

The first transaction within the frameworks of the agreement was made on November 20, 2008.

Money transferred to Ukraine through Zolotaya Korona – Transfer System is available not only in the system's locations but also at AVERS agent locations. Money transferred within the two systems is available in Ukraine at any agent locations of the systems. Money transfer terms and conditions are the same and do not depend on agent location: commission fee – 1.5 % of the sum. Transfers are made in Euro or US dollars.

"Cooperation between AVERS and Zolotaya Korona is mutually beneficial and allows us to complete several important tasks at a time: geographical expansion of the network, increase of efficiency and brands recognition and transfer volume increase. The most important fact is that all the market advantages are achieved at minimum cost, which positively influences the cost of service for the customers", said Oleh Naumov, Head of Payment Systems Department, Bank 'Finance and Credit'.

"Partnership of the two systems plays an important role in the development of Russian-Ukrainian corridor, since Zolotaya Korona partner network in Ukraine expanded by 800 agent locations. Together with network expansion, we offer our customers favorable commission rates, one of the lowest in the market", said Valentin Kuznetsov, Zolotaya Korona Development Director for Russia.