Unibank Introduces Phone Number Money Transfers
Unibank Launches Instant Iransfers by Phone Number
Unibank, a major Armenian financial institution, has launched an instant money transfer feature in its UNIMobile application. The new service allows Unibank customers to send funds to recipients at other banks by simply entering a phone number, streamlining the transfer process. The transfers are processed through the Arca Pay system, which connects multiple Armenian banks. This development reflects growing digitalization in Armenia's banking sector, making peer-to-peer payments faster and more accessible. The feature eliminates the need for traditional account details, reducing friction in money transfers between different financial institutions. For diaspora members sending funds to family in Armenia, such services represent continued modernization of Armenia's financial infrastructure.
