DUBAI, UAE, December 15, 2014 /PRNewswire/ --
The programme provides workers
with skills to manage their finances
The Western Union Company (NYSE:WU), a world leading money
transfer company, announced the launch of "Apna Sapna", a Financial
Literacy Programme for migrant workers in the UAE to help them
develop the awareness and skills to manage their finances and plan
for the future. "Apna Sapna", which in Hindi means "Our Dream", is
endorsed by the UAE Labour Ministry and aims to address the
challenges of migrant workers who are often unsure about how to
achieve their long-term financial goals.
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With the "Apna Sapna" programme, Western Union intends to train
3,000 people over two months through face-to-face training sessions
run across small groups. In order to reach out to a wider audience,
the programme will take place across a number of labour camps in
the UAE. A pilot programme has already been conducted with over
1,500 workers as part of the first phase of this programme. The
second phase will also include women workers to facilitate
financial empowerment for women.
The programme has been created in eight different languages
enabling Western Union to deliver this programme to key diaspora
across the UAE in their native language, encouraging learning and
impact of the programme.
"As a company, we have a long history of deep engagement with
migrant workers in the UAE," said Jean
Claude Farah, President- Middle East, Africa, Asia
Pacific, Eastern Europe and
CIS, Western Union, "Through Apna Sapna we are seeking to
provide them with the knowledge and skills needed to effectively
manage their finances enabling them to plan for and work towards a
more secure future.
The programme being implemented by Western Union has been
developed specifically for the workers in the UAE. It covers key
aspects of basic financial planning. These include individual
modules focused on mapping expenses and income, planning and
budgeting, understanding how savings lead to returns and
understanding the hierarchy of savings from an immediate,
short-term and long-term savings perspective.
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
September 30, 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
2013, The Western Union Company completed 242 million
consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and
459 million business payments. For more information, visit
http://www.westernunion.com.