The Western Union money transfer system will stop conducting transactions within Russia from April 1, 2022, RBC reports.

The company made this decision due to the low demand for domestic transfers in the market, according to a letter from Western Union sent to business partners, which the publication has read. A spokesman for the company said that Western Union is “focusing on developing the traditionally sought-after international money transfer service.”

Transfers within Russia via Western Union will no longer be accepted on March 31, and from April 1 it will not be possible to receive a payment or refund. The company’s letter says that senders who made a transfer before March 31, which was not received by the addressee, will be able to return the money from April 1 at the offices of Russian Post. In addition, from March 24, the limit of internal transfers will be reduced to five thousand rubles.

In July 2020, PayPal stopped making transfers within Russia.

(C)MEDUZA 2022