Expansion of Western Union Business Solutions Brings its Global
Presence to 28 Countries
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Union Business Solutions, a unit of The Western Union Company
(NYSE:WU), today announced the launch of its business-to-business
service in three new markets.
Through local partnerships, Western Union Business Solutions now offers
cross-border payment services in Chile, Cyprus and Jordan, enabling
businesses and organizations in all three countries to make
international payments with increased speed and transparency.
“I’m very pleased to announce our entry into three new markets,” said
Raj Agrawal, President of Western Union Business Solutions. “The
combined strength of Western Union Business Solutions’ innovative
products and Western Union’s unparalleled Agent network gives us the
perfect platform to expand the financial services available to
businesses around the world and provide them with the customer care they
deserve – especially the small and medium enterprises (SMEs) who drive
so much of the global economy.”
In Chile, Western Union Business Solutions’ payment offerings will be
provided by Chilexpress, a leading courier and logistics company with a
presence in over 360 Chilean cities. Chilexpress has a strong customer
base in a growing market that registers more than 140,000 SMEs.
In Cyprus, Western Union Business Solutions will be introduced via GAP
Vassilopoulos, a leading logistics provider with a strong SME client
base. GAP Vassilopoulos is a recognized leader in the Cypriot business
community with a range of services, including domestic courier, air and
sea freight transportation, insurance, travel, and hotel bookings.
Western Union Business Solutions’ partner in Jordan is Kamal Exchange, a
leading money exchange company with long-standing links to the business
and finance community. Kamal Exchange has a strong presence in Jordan
and great experience with both local and foreign financial institutions
as well as small- and medium-sized importers and exporters.
Chilexpress, GAP Vassilopoulos and Kamal Exchange are existing Western
Union Agents providing consumer money transfer services.
About Western Union Business Solutions
Union Business Solutions enables companies of all sizes to send and
receive international payments and manage foreign exchange, creating
unique solutions tailored to suit their FX needs. It is a business unit
of the Western Union Company (NYSE: WU), a leading provider of
cross-border payments, which operates its Business Solutions services
through locally licensed affiliates and partners in 28 countries.
Supported by a network of trading offices, strategic banking
relationships and a global clearing network, businesses can send
cross-border payments in more than 135 currencies. © 2012 Western Union
Holdings, Inc. All rights reserved.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of June 30, 2012, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of approximately 510,000 agent locations in 200 countries and
territories. In 2011, The Western Union Company completed 226 million
consumer-to-consumer transactions worldwide, moving $81 billion of
principal between consumers, and 425 million business payments. For more
information, visit www.westernunion.com.
Source: The Western Union Company