21.01.2019, 20:29 4572

Kazakhs transferred abroad over KZT550bn in 2018

The top three receiving countries are Russia, Uzbekistan and Turkey.
Money transfers from Kazakhstan to abroad via money transfer systems from January to December of 2018 were KZT553.5 billion, a 23.2% increase compared with 2017, ranking.kz has informed.

In November, the number of money transfers was KZT54.3 billion, by 7.9% higher than in November 2018, and 11.8% less compared to a month earlier when a record KZT61.6 billion were transferred.

The leader in money transfers from Kazakhstan is Russia (KZT213.1 billion, with 24.2 year-over-year increase). The country’s share rose from 38.2% to 38.5%. The top three receiving countries also include Uzbekistan (KZT104.8 billion, 25.6% increase), with its share increased from 18.6% to 18.9% and Turkey (KZT64.6 billion, 87.5% increase), with the increase in its share from 7.7% to 11.7%.

As for international money transfer systems, Zolotaya Korona (65.9%) accounts for 86%, Western Union (12.8%) and Unistream (7.3%).

Money transfers through Zolotaya Korona are available in seven banks, Western Union – in six, and Unistream – in three.

Kazakhstan’s banks such as ATFBank, Nurbank and Tsesnabank are more active working with all money transfer systems.

Source: BNews.kz

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