Enters into New Money Transfer Agreement with Banco Ahorro Famsa
to Offer Western Union, Vigo and Orlandi Valuta
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
The Western Union Company (NYSE: WU), a leader in global payment services
and Banco Ahorro Famsa, today announced an agreement to offer
the Western Union® global money transfer service across 300
Banco Ahorro Famsa locations in Mexico starting November.
Banco Ahorro Famsa also will offer consumers Vigo and Orlandi Valuta
services.
“It is a great honor for GRUPO FAMSA to work with Western Union. Our
company will now offer Western Union Money Transfers – providing
consumers, who send money to Mexico, with a new practical payout option
that brings families closer,” said Enrique Canseco, commercial director,
Banco Ahorro Famsa.
Founded more than 40 years ago and based in Monterrey, Nuevo Leon,
Mexico, GRUPO FAMSA offers financial services that include money,
mortgage loans, credit cards and investments, among other services.
“As a leader in global payment services, Western Union is open for
business in Mexico and we continue to diversify and grow our Agent
network to provide consumers with fast, reliable and convenient money
transfer services,” said Luis Felipe Rodríguez, vice president and
general manager Mexico, Western Union.
"Mexico is a strategic market for the company. Our expanding global
money movement network provides consumers more ways to move money
quickly to more destinations worldwide. We see a great opportunity to
expand in Mexico through existing and new Agent relationships such as
Banco Ahorro Famsa – allowing us to serve customers better and faster
through our world-class brand, and the exceptional customer experience
Western Union is known for around the globe.”
Over the last century Western Union has remained committed to the Mexico
market, providing dependable financial services. Today, Western Union,
VigoSM and Orlandi Valuta® services are offered in
Mexico through a strategically combined Agent network that include
banks, national retail chains and independent locations.
The Western Union Company, through its Western Union, Orlandi Valuta and
Vigo branded services, connects consumers in Mexico to more than 510,000
Agent locations across 200 countries and territories. For more
information on our network and services in Mexico, please contact:
Ignacio Morales Canales at 011 5255 3067 6343.
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.
About GRUPO FAMSA
GRUPO FAMSA was founded more than 40 years ago, in the city of
Monterrey. Today it is one of the leading companies selling products and
services on credit, with 300 branches across Mexico. Seeking
international expansion, we opened our first store to the American
market in January 2001. We became a public company in 2006, starting
operations in the Mexican Stock Exchange market, gaining a great demand
for its stocks by Mexican and foreign investors. In 2007, the Banco
Ahorro Famsa (our company bank) began its operations with over 280
branch offices to provide our customers with more services, and create
synergies that drive the operating and financial performance of Grupo
Famsa. We currently have 300 stores in Mexico, endorsing our commitment
to offer our customers an excellent service, best brands, and best
prices, in order to maintain their trust and preference. For more
information, 1 886 883 2672 or visit www.famsa.com
or www.famsa.us.
WU-G
Source: Western Union