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Society

The Armenian UBPay system partners with iSend remittance global service

The Armenian payment and settlement system UBPay has announced a partnership with iSend, a global company that specializes in offering seamless money transfer solutions. This collaboration expands the options available to UBPay customers, providing access to transfers to the United States, Canada, India, Australia, Singapore, and European countries.

Transfers can be sent in AMD, USD, or EUR and received in local currency. UBPay transfers from Armenia can be made both at UBPay partner service points and via mobile applications of the banks. Customers can choose from various transfer options, including to a bank account, topping up an e-wallet, or picking up cash. 

՞The strategic partnership with iSend is a significant step in UBPay’s development and its global mission to provide safe and affordable cross-border transfers. We aim to offer customers the widest possible selection of transfer destinations, along with the most favorable terms and exchange rates,” said UBPay Director Seyran Sargsyan.

In the first half of 2025 in Armenia, the total volume of transfers increased by 6.7% compared to the same period last year, highlighting a steady growth in transfers and ongoing advancements in technology innovation.

UBPay plans to further expand its international collaborations, strengthening its position in the money transfer market. "We currently hold one-third of the money transfer market in Armenia. Our intuitive API makes integration seamless for banks and remittance providers, enabling them to deliver secure, reliable, and efficient transfer services. With comprehensive documentation and dedicated support, we ensure a smooth onboarding experience, so our partners can focus on delivering exceptional value to their customers".

UBPay is a technological platform that provides a trusted solution for remittances. Becoming UBPay's partner, remittance businesses can enhance their service network, increase revenue streams, offer more payout options, and gain a competitive advantage.

The operator and settlement bank of UBPay is Unibank.

iSend specializes in offering seamless money transfer solutions from Australia, the USA, Singapore, Japan, and South Korea to over 100+ countries. As a global industry leader, the company remains at the forefront of technological advancements and regulatory compliance, setting industry standards for security and efficiency in international money transfers. By combining innovation with a customer-centric approach, iSend continues to shape the remittance landscape, facilitating financial connectivity on a global scale.