Since 10 October 2005 the Azerpost state enterprise (SE) started money transfers through the Western Union world system of money transfers, the head of the commercial Parabank Rasim Poladov told Trend.
В"It is the first international project implemented by the bank and introduced for the first time in the non-bank institution network”, the bank’s head stressed.
Poladov also noted all financial costs had been covered by the bank, which undertook also the financial risk payment.
The Azerpost SE has the similar agreement with Travelex Group, the works on which commenced also in October.