Money transfer system “Asia Express” and Russian Agricultural Bank expand wire transfers
Asia-Invest Bank, as a subsidiary of the National Bank for Foreign Economic Activity of Uzbekistan, in cooperation with Russian Agricultural Bank implementing a strategy to expand the partner network of participants of Money transfer system “Asia Express” and “RSHB-Express”, announces the successful launch of the integration of money transfer systems without opening an account.
This project has been successfully launched on June 23, 2020 in the branches of Uzbekistan banks. It is planned that by the end of the year the share of money transfers within the framework of Asia Express will reach about 20% of the total market for money transfers from Russia to Uzbekistan.
The launch of the joint project is the result of the interaction of the two banks on the introduction of technologies that allows sending money transfers without opening an account.
Until the end of August 2020, this service will be available in more than 1300 branches of the Russian Agricultural Bank with payment in Uzbek partner banks of Asia-Invest Bank.