Astana, Kazakhstan, Jan. 28
By Daniyar Mukhtarov - Trend:
Around 53 percent of the country's all remittances account for Golden Crown and Western Union money transfer systems in Kazakhstan, Ranking.kz. analytical service said.
Around 89 percent of money transfers account for TOP 5 systems.
There are 14 money transfer systems on the market. Around 276 billion tenge were transferred abroad via money transfer systems during a year.
As of 2014, Kazakhstan's Faster money transfer system was among the five largest money transfer systems - 28 billion (10 percent of the market).
Faster system showed the maximum share increase on the market - from 4 to 10 percent compared to the first quarter of 2014. Golden Crown is a leader on the market. It reduced the share from 32 to 28 percent during this period. Around 1.8 million remittances were conducted abroad during the year. The average money transfer check on the market is 150,400 tenge, Golden Crown - 129,300, Western Union - 201,600, Faster - 131,000 tenge.
Edited by CN