Yerevan
Tbilisi
Moscow
Paris
Los Angeles
Beijing
English
Հայերեն Русский
Main Timeline Video Share
May the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes Beneficiaries of the "By Your Side" program at IDBank AraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to Schools Big Christmas Market with Idram, IDBank and idplus Ucom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas Market Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board Ucom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten
Timeline
Ucom Continues Large-Scale Network Modernization, Expanding 5G Coverage and Enhancing Connectivity EBRD’s AMD-denominated bonds listed on AMX; Converse Bank acted as underwriterBecome a Unibank shareholder and acquire perpetual bonds with a 13.25% yieldThe Unprecedented Educational Summer of the 'Armenian Virtuosos'All Armflix Content Is Once Again Available on UplayHayk Melikyan Opens the 5th Festival of Armenian Culture in KatowiceHarutyun Harutyunyan: “The Government Has No Intention of Applying for EU Membership and Adopted the Law to Prevent a Referendum”Ucom Supports Coca-Cola Fest 2026 “Orran” Students Start the New Academic Year with Support from “The Power of One Dram”It is with deep awareness of the seriousness of this supposition as well as concern that we pose the question of the above headline“Armenian Virtuosos” Scholarship Recipients Take the Stage at the 4th International Festival of Youth Orchestras of the WorldUnibank Launches a New Promotion "U-Teenager": Grand Prize — a Summer Course at One of the Top Universities AbroadSEROOND Begins: Armenia’s First Authored School Model Based on Whole-Child Development, Enabled by AI"Unisport" Advances to the Main Round of the UEFA Futsal Champions League Cybersecurity Course Graduates Take Part in Ucom’s “Junior Academy” ProgramUcom Introduces Green Tariff Plans, Turning Everyday Connectivity into Environmental Impact Ucom Launches “Unity Back to School” Special Offer for the New School YearUcom’s Sales and Service Center Reopens at 7 Sayat-Nova Street in Gyumri "Unisport" Competes in the UEFA Futsal Champions LeagueAram Barseghyan Appointed CEO of Team Telecom Armenia, Hayk Yesayan to Lead Team Group
All Timeline »
Society

UBPay and MoneyTO Launch Money Transfers from Armenia to the UK

Clients of the Armenian payment system UBPay can now make money transfers from Armenia to the UK directly to recipients’ bank accounts. The new corridor has been launched in partnership with the British money transfer system MoneyTO.

On January 30, 2026, the Board of the Central Bank of the Republic of Armenia approved the cooperation between the two systems, marking an important milestone in expanding cross-border payment services.

Transfers can be initiatedat all UBPay partner service points across Armenia. Funds may be sent in AMD, GBP, EUR, and USD. Remittances are credited to the recipient’s bank account in GBP. The fee starts from 0%.

Money transfers continue to play an important role in Armenia’s economy, remaining a significant source of financial inflows. In 2025, inward remittances amounted to USD 5.98 billion, while USD 4.3 billion was sent from Armenia. Over the past five years, the volume of transactions from Armenia to the UK has increased six times, reflecting growing economic and personal ties between the two countries.

“UBPay’s international partner network continues to expand, and the list of countries available for sending funds from Armenia is steadily growing. The United Kingdom represents a promising and strategically important market for our clients and us.  We are confident that the new service will be in demand among those whose relatives live, study, or work in the UK.  Sending money and providing financial support has now become even more convenient and accessible,” said Seyran Sargsyan, CEO of UBPay.

“We highly value our partnership with UBPay, which opens new growth opportunities for our company. We are pleased to offer users a convenient and reliable way to quickly transfer funds to UK bank accounts. In the near future, we plan to launch transfers in the opposite direction, from the UK to Armenia,” said Galina Selicka, CEO of MoneyTO.

Today, UBPay holds a significant share of Armenia’s money transfer market, handling about one-third of all transactions in the country. The system provides an intuitive API infrastructure, allowing banks and money transfer companies to easily integrate transfer services and ensure smooth and reliable transactions.

UBPay remains committed to strengthening its cooperation with international partners and expanding the geographical reach of its services. This year, in partnership with MoneyTO, new transfer destinations are planned, including European countries.

The operator and settlement bank of UBPay is Unibank.