Baku, Azerbaijan, Nov. 23
By Rashid Shirinov – Trend:
The volume of remittances received by individuals in Kazakhstan from abroad through the money transfer systems amounted to 255.5 billion tenge in January-September this year, Ranking.kz reported.
This is 15.4 percent more than in the same period last year.
The number of transactions for the first 9 months of this year reached 1.1 million, which is 7.3 percent more year-on-year.
Russia with 129.9 billion tenge is the leader among the countries from which the remittances to Kazakhstan were made. This is 0.8 percent more than in January-September 2017. The country's share decreased from 58.2 to 50.8 percent out of the total funds received by Kazakh individuals from abroad in the reporting period.
South Korea ranks second - 39.1 billion tenge were received from the country, which is an increase of 2.3 times. The country's share increased from 7.8 to 15.3 percent.
Kyrgyzstan is third - 21.2 billion tenge, growth by 59.6 percent year-on-year. Its share rose from 6 to 8.3 percent.
As for the money transfer systems used for making remittances to Kazakhstan, the largest volume of transactions occurred in KoronaPay — 134.6 billion tenge, which is 18 percent more year-on-year. The share of the system increased from 51.5 to 52.7 percent of the total funds received in January-September 2018.
Western Union is second - 56.1 billion tenge, a 24.8 percent growth. The share rose from 20.3 to 22 percent.
MoneyGram ranks third - 21.1 billion tenge, which is 2.3 times more than a year before. The share of the system increased from 4.1 to 8.3 percent.
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