Zolotaia Korona is the Georgian market leader

Zolotaia Korona is the Georgian market leader

access_time2019-11-18 09:25:36

Russia is still the leader in rapid transfers. Like in previous years, Russia has not lost its position  in term of transfers  from  and to Georgia . Specifically, in October 2019  the transfers  through Zolotaia Korona made 40-43% of total transfers. 

It’s worth mentioning that until the fall of 2012, Intel Express and Unistream had held the leading position on the local market of money transfers for years.

However, since the fall of 2012, Zolotaia Korona has maintained the leading positions.

A  volume of remittances in Georgia totaled $ 175.66 million in October 2019, which is 9.7% more than in the same period of last year. In October 2018, inflow of money transfers amounted to $ 158.58 million.

In October 2019, $ 153.2 million were transferred to  Georgia and $ 22.4 million were transferred from the country.


Of this, $ 33.7 million  were transferred to the country through Zolotaia Korona and   $ 9.7 million from Georgia.

27.5 million were transferred to Georgia through Western Union (18%),  $   6.9 million (30.9%) from the country.

$ 27.4 million (17.9%) were transferred to the country through  RIA system, $ 942 thousand (4.2%) from the country.

$ 10.8 million (7%) were  transferred to the country through  Intel Express and USD 1 million (4.7%) from the country.

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