ENGLEWOOD, Colo. & KINGSTON, Jamaica--(BUSINESS WIRE)--
Celebrating a quarter century relationship, The Western Union Company
(NYSE: WU), a leader in global payment services, and GraceKennedy have
renewed their commitment in Jamaica and eight other countries across the
Caribbean to drive customer-centered innovation. Their goals are to
expand choice by introducing electronic channels and to enhance
convenience, reliability, speed, and overall value.
WU and GraceKennedy celebrate 25 years in Jamaica: (L-R) Sean Mason, Western Union Regional Vice President, Caribbean; Mariano Dall'Orso, Western Union Senior Vice President, Mexico, Canada and Caribbean; Odilon Almeida, Western Union President, Americas and European Union; Don Wehby, GraceKennedy Group CEO; Michelle Allen, GraceKennedy Money Service CEO; and Courtney Campbell GraceKennedy Financial Group CEO. (Photo: Business Wire)
Over 25 years, Western Union has moved the equivalent of more than US$14
billion into and within Jamaica in collaboration with GraceKennedy (GK),
helping Jamaicans build better futures, create opportunities, and
Western Union and GraceKennedy commenced operations in 1990 and at that
time moved money into Jamaica from four countries. Twenty-five years
later, Western Union has grown along with Jamaica as its citizens have
migrated over the years – last year the company moved money into Jamaica
from 126 countries, led by the US, Canada and UK.
Odilon Almeida, President, Americas and European Union, said,
“Western Union has enjoyed a rewarding relationship with GraceKennedy
over the past 25 years. As we continue our long-standing relationship
with Jamaica and GraceKennedy, we are committed to further innovating
money transfer service to meet the evolving needs of customers – from
both the send and receive side of each transaction.”
“Western Union moves much more than money into Jamaica. The company
helps Jamaicans realize a host of aspirations from paying for everyday
expenses, including education and gifting, to funding small enterprises.
In the last 25 years we have seen an extraordinary rise in migration by
Jamaicans to many corners of the globe. We have seen them realize great
potential and elevate living standards including education for
themselves and their families,” he said.
“Our business is moving money for these everyday heroes that live away
from their home as they work and create a better life for their families
and themselves. As a company, we are always there for them offering them
the choice to send money any time, any way and (almost) anywhere on
earth, through an array of pay-in options such as cash, bank account,
debit, credit, prepaid, online, mobile wallet and now Apple Pay in the
US,” Almeida concluded.
Don Wehby, Chief Executive Officer of GraceKennedy, said, “Our
collaboration is indicative of the mutual trust and respect between a
global industry player and a regional powerhouse. As market leaders in
our respective businesses, we will leverage our knowledge and expertise,
backed by our world-class teams, to continue exceeding customer
expectations while ensuring that we keep on the cutting edge of industry
standards and trends.”
Over the past 25 years, the relationship has evolved from receiving cash
over the counter to having funds received into pre-registered bank
Western Union is also seeing a steady growth of Jamaicans on the island
moving up the economic ladder, allowing them to send money overseas to
loved ones in the US, Canada, UK, and a host of other countries.
The Western Union and GraceKennedy collaboration has also positively
impacted nation building through a number of programs designed to
support community development through education with special emphasis on
reading and literacy at the primary level.
Western Union’s network today consists of over 140 Agent locations
across every parish, helping to connect Jamaica to more than 200
countries and territories around the world.
About Western Union
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 December 31, 2014, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of over 500,000 agent locations in 200 countries and territories and
over 100,000 ATMs and kiosks. In 2014, The Western Union Company
completed 255 million consumer-to-consumer transactions worldwide,
moving $85 billion of principal between consumers, and 484 million
business payments. For more information, visit www.westernunion.com.
About GraceKennedy Money Services
GraceKennedy Money Services (GKMS) is the umbrella entity which
encompasses FX Trader - The Foreign Exchange Place from GraceKennedy
Money Services, Bill Express - The Bill Payment Place from GraceKennedy
Money Services and Western Union - Moving Money for Better. Some or all
of these services may be found in Jamaica, Trinidad and Tobago, Guyana,
Antigua and Barbuda, Anguilla, St. Kitts and Nevis, St. Vincent and the
Grenadines, The BVI and Montserrat.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150226006408/en/
Source: Western Union