- Eki Transfers has officially changed its name to EKI PAY, a new name for 23 years of tradition and commitment.
- Alta Pay Group with a unique business concept on the financial market has officially taken over 100 percent of the ownership of EKI Transfers doo, which is the first provider of Western Union money transfer services on the markets of Serbia and Montenegro.
With the acquisition, we continue to expand our presence and strengthen the brand both in the country and in the region, with which our group now operates in more than 4,000 locations. Through the largest network of locations, we further strengthen our offer by providing an international money transfer service. Taking over Eki transfers doo, Alta Pay Group will further strengthen its leadership position in the payment transaction segment and generate business growth in accordance with the strategic direction of the company’s development. In addition to business expansion, Alta Pay Group will in the coming period focus on new investments in the development and improvement of technical solutions in order to offer existing and new clients a superior experience and the most modern payment services, adapted to their needs.
- THE COMPANY HAS BEEN ESTABLISHED ON 22.10.2000.
- WE HAVE BEEN THE FIRST PROVIDER OF WESTERN UNION SERVICES ON THE TERRITORY OF SERBIA AND MONTENEGRO
Since 2001, company has been providing Western Union money transfer service in the territories of Serbia and Montenegro, as the first Western Union Agent under the Agreement on International Representation. As the first provider of Western Union services with its quality work, it contributed to the expansion of the Western Union brand and enhancement of customer trust in the Western Union service in Serbia and Montenegro.
- ON 20.11.2014 WE ESTABLISHED MONTENEGRO TRANSFERS DOO PODGORICA
On 20th November, 2014, as the holder of 100% share, company established its limited liability company MONTENEGRO TRANSFERS DOO PODGORICA which was registered in the Central Register of Business Entities in Montenegro on 25th November, 2014.
- REGISTERED THE FIRST PAYMENT INSTITUTION IN THE TERRITORY OF MONTENEGRO
On 26th March, 2015, the Central Bank of Montenegro issued an authorization for the provision of payment services to the payment institution MONTENEGRO TRANSFERS doo, based in Podgorica, for the provision of payment services for execution of remittances. In order to ensure continuity in executing remittances through the Western Union system and aligning with the Law on Payment Transactions, the Montenegro Transfers Payment Institution becomes a Western Union Agent for Montenegro.
Download the Decision and the Official Journal.
- COMPANY HAS BEEN AWARDED MANY TIMES FOR ITS WORK BY WESTERN UNION:
2005, the Athens, Greece – Europe & CIS Agent Conference – Brand Building Award
2006, Dubai, UAE – Western Union EMEASA Agent Conference – Network Expansion Award
2008, Dubrovnik, Croatia – Network Expansion Award
2012, Dubrovnik, Croatia – Best Transactional Growth and Best practice
- ON 28.09.2015 COMPANY BECAME ONE OF THE FIRST BUSINESS ENTITIES TO OBTAIN THE LICENCE FOR THE PROVISION OF PAYMENT SERVICES – IN THE CAPACITY OF A PAYMENT INSTITUTION
At the beginning of the implementation of the Payment Services Act – the National Bank of Serbia granted the first licences for the provision of payment services. The Executive Board of NBS at a session held on 28th September 2015, made a decision that our company were granted a licence for provision of payment services, effective as of 1st October 2015 with the implementation of the Payment Services Act (“Official Gazette of the Republic of Serbia” No. 139/2014). By the Decision of the National Bank of Serbia IO NBS No. 84 dated 28.09.2015 company as a payment institution continued to provide Western Union fast money transfer service – money remittance.
- ON 13.10.2016 NBS ISSUED THE AMENDMENT OF THE LICENCE FOR PROVIDING PAYMENT SERVICES
By the Decision of the National Bank of Serbia IO NBS no. 77 dated 13.10. 2010, a payment institution request for the amendment of the payment service provision was adopted. Company now can also provide payment services for transferring funds from the payment account to a payment account, such as: (1) credit transfer, (2) direct debit, including one-time direct debit, (3) using a payment card or similar means of payment.
- COMPANY OPERATES THROUGH A NETWORK OF REPRESENTATIVES ON THE ENTIRE TERRITORY OF SERBIA
By registration of the representatives in the Register of Payment Institutions, our representatives provide payment services at locations throughout Serbia. Payment service money remittance – electronic money transfer – receiving and sending via Western Union system is provided through our representatives – 8 banks with over 1075 locations and over 300 authorized exchange offices and other retail outlets with 400 locations. The payment service of the transfer of funds from the payment account, i.e. into the payment account (payment of bills), is currently provided by 75 representatives – authorized exchange offices and other retail outlets with 100 locations. Our commitment is that the quality of our work, professionalism, effort and perseverance recommend us for cooperation in the best possible way.
- CLIENTS TRUST US
Company is the leading payment institution in the field of payment services. The main promoters of the development of Eki Pay are quality highly motivated staff and an excellent network of representative locations.