Azerdemiryolbank has joined the international system of cash transfers Travelex, the Bank told Trend . Before, the Bank was transferring cash abroad via MoneyGramm system, and to CIS via Migom, Contact and Bistraya Poshta systems. Besides, Shimshek system was created to transfer cash between the Azerdemiryolbank branch offices; it allows conducting the transfer operations in 5-7 minutes.
Azerdemiryolbnak `s last years amount of money transfers via Migom, Contact and Bistraya Poshta systems made $5 573 951.
Travelex conducts the cash transfers in 2-3, 5 minutes. According to the World Bank data, every 10th person in the world minimum once uses private cash transfers systems. Travelex network consists of 664 client service offices in 31 countries.