Customers can send up to €500 per month
ENGLEWOOD, Colo. & ATHENS, Greece--(BUSINESS WIRE)--
The
Western Union Company, a leader in global payment services, today
announced that it has reactivated its out-bound Western Union Money
Transfer® service from Greece through its Agent, WorldBridge Payment
Institution (Paylink®), allowing customers to send money from Greece to
more than 200 countries and territories. A €500 per month per customer
cap and monthly Agent limits will apply, imposed by the Government.
The restoration of this service follows the implementation of a new
legal act by the Greek Government, which has allowed a number of money
transfer operators supervised by the Bank of Greece to resume performing
out-bound money transfers under special conditions. WorldBridge, as with
every Payment Institution, has a monthly upper limit for all out-bound
money transfers.
Western Union has already reopened much of its in-bound Western Union
Money Transfer® service into Greece, with cash payout of international
and domestic money transfers available at more than 1,500 Agent
locations across Greece. Western Union Money Transfer® transactions
payable in Euro via the Western Union® Agent retail network Paylink and
ELTA - Greece’s Postal Authority are not subject to Greek capital
controls.
“Together with our Agents, we have been working hard to restore Western
Union services fully in Greece. This has been a priority for us since
the commencement of the enforced bank holiday in late June as we have
sought to help our customers in Greece through this difficult financial
time,” said Giovanni Angelini, Senior Vice President and General Manager
for Europe at Western Union.
“Connecting people and their aspirations remains at the heart of who we
are. When money moves around the world, better things can happen. The
reactivation of our out-bound services is a major outcome for our
customers in Greece, and takes us further down the road towards the full
restoration of our services,” he said.
Western Union’s cross-border capability is a rare combination of a
physical and digital network across 200 countries and territories.
Across its brands the company has over 500,000 retail agent locations
across the world – from leading retailers to banks, more than 100,000
ATMs and kiosks, over 90 active Account Based Money Transfer banks, bank
payout in more than 50 countries and wu.com sites in 29 countries.
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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, 2015, 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.
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Source: Western Union