International Money Transfers System Leader

History

The International Money Transfers System Leader is an international operator of person-to-person money transfers. The Leader System was founded in April 2003. It provides money transferring services to persons without opening an account. Also it accepts payments for the services of various providers. There are over 130 000 locations in 130 countries worldwide in the geography of the Leader System. There are over 1000 service providers in Russia and CIS whose services the System Clients can pay for. All the services of the Leader Money Transfers System are available at cash desks of all System participants worldwide, in self-service terminals, or via Internet.

Operations

Leader System is among the top five funds transferring in Russia and CIS operators. The organizer of the Leader System is The Non-bank Credit Organization Joint Stock Company “Leader” (NCO JSC Leader, Moscow, Russia, Central Bank of Russian Federation license number 3304-K). Turnover of The Leader System is US$1.78 billion in 2009, US$2.3 billion in 2010 and US$1.15 billion within the first 6 months of 2011.

Services

Sending and receiving money transfers is the core of company’s services. The transfer is not strictly refer to a concrete bank-recipient, which means the transfer can be given out at any location in the receipt country. In order to forward money a Sender-Client presents funds at any Leader System location for transfer service, receives the Money Transfer Control Number (MTCN) from an operator and transmits it to the recipient. The natural person, a recipient, can come to any location, presenting the MTSN and a photo ID. The data proves correct, the operator gives out the money. The transfer is delivered instantly, taking 2–3 minutes. Besides paying out cash, a sum can be transferred to the Client’s bank account of the recipient. The Sender can monitor the transfer status online at the System website. Besides, a Client can forward the transfer to a recipient online through leomoney.ru, the company’s own web portal.

Mobile transfers

Service is available in Russia only. A Client can forward funds from his account at any of the three mobile operators – Beeline, Megafon or Smarts. In order to forward money, a Client sends a message to a short number, which should include information about the destination country, the sum to transfer and the last name of the recipient. The MTCN will be sent to a sender as a text message. Once it is received it must be transmitted to a recipient. The money is available for paying out at any location of the System’s partners’ network.

Transfer Fees

Fees differ based on originating and receiver countries and type of transfer.

LEADER-Bonus

All Leader System Client Card holders participate in Leader-Bonus loyalty program. Clients receive bonus points for using services of the System. The points can be exchanged to commission fees’ discount or various gift certificates.

Terminal processing

Banks or agents connected to terminal processing of Leader System can accept payments for various providers. The leading mobile operators, internet and communal service providers, state institutions, travel agencies and airlines, as well as many others, are among them.

Company management

Chairman of the Board of Directors – Olga Vilkul.

Participating in Associations

Russian national association SWIFT, Association of Russian Banks (ARB)

Awards

“The best money transfer system of the North-Western federal region” in collaboration with People’s Republic of China on providing service to small- and medium-scale businesses. Laureate of the First International competition “Leader of Money Transfer Systems - 2011” (Ukraine) in the nomination of “Flexible loyalty systems for clients and banks”.