WESTERN UNION EXPANDS: International and Domestic Direct-to-Bank Money Transfers to Bank Accounts in India
02 7월 2013 - 4:00PM
Business Wire
The Western Union Company (NYSE: WU), a leader in global payment
services, today expanded its offering of sending international
money transfers from the U.S. and U.K. directly into bank accounts
in India. Western Union also launched domestic money transfers as
business correspondent to Kotak Mahindra Bank enabling Indians to
send money directly into bank accounts in India.
As part of the company’s international money transfer offering,
consumers in the U.S. and U.K. can now send direct-to-bank
transactions to banks in India online—via the company’s
transactional websites and, in the U.S., via its smartphone
application—or by visiting thousands of participating Agent
locations. Additionally, U.S. and U.K. consumers who have a
non-resident bank account in India can use Western Union to send
money into these accounts.
In a ground-breaking deal with Kotak Mahindra Bank, one of
India’s fastest growing private banks, Western Union as a business
correspondent paved the way for participating Agent locations
across India to facilitate domestic money transfers—by allowing
Indians to send monies directly into banks in India during, and
beyond, traditional banking hours. The service will be available
from today at 500 retail locations throughout the country with
significant location expansion plans by the end of the year.
Officiating at the formal announcement ceremony in Mumbai, India
today, Western Union’s President and Chief Executive Officer,
Hikmet Ersek said, “Our goal is to serve our consumers anytime and
anywhere. To achieve this, we are pursuing a multi-product,
multi-channel strategy to enable consumers to manage their finances
the way they want.”
Ersek continued, “It is a phenomenal achievement for Western
Union consumers to be able to send international money transfers
directly into bank accounts in up to 48 countries, now including
India. Thanks also to our relationship with Kotak Mahindra Bank; as
a business correspondent, we have the potential to use more than
half of our Agent locations to send domestic money transfers
directly into India’s banking network.”
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
March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded
services were offered through a combined network of approximately
515,000 agent locations in 200 countries and territories and
approximately 100,000 ATMs. In 2012, The Western Union Company
completed 231 million consumer-to-consumer transactions worldwide,
moving $79 billion of principal between consumers, and 432 million
business payments. For more information, visit
www.westernunion.com.
WU-GWU-F
Western UnionUnited States:Kathy Bell, +1
720-332-5248kathy.bell@westernunion.comorAsia Pacific:Pia De Lima,
+852 9261 8155pia.delima@westernunion.comorEurope/CIS:Simon Kleine,
+44 20 8563 6685simon.kleine@westernunion.com
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