Western Union® Live at Bank of China
05 2월 2015 - 2:01AM
Business Wire
Friends and family in China can receive
remittances quickly and conveniently from Bank of China locations
throughout the country now
Effective immediately, consumers in China will be able to
receive remittances through the Western Union® (NYSE: WU) Money
TransferSM service from abroad in minutesi at select Bank of China
branches and sub-branches throughout the countryii, the two
companies announced today.
Western Union’s cash-payout services to friends and families in
China may be arranged at nearly 500,000 locations in 200 countries
and territoriesiii, including more than 51,000 locations in the
U.S. Consumers in the U.S. may also send money online, through
online banking and through kiosks and ATMs.
In addition, Bank of China and Western Union will soon expand
their collaboration to allow customers to direct Western Union
Money Transfers into their bank accounts via online banking, or
they can be received at select self-service kiosks.
Carter Hunt, Senior Vice President and General Manager for
Western Union U.S., said, “Through our landmark agreement with Bank
of China, consumers can enjoy unprecedented convenience when
sending money to and receiving money from their friends and
families. We are particularly delighted to have this new service in
place for our customers in time for Chinese New Year, a time when
millions of Chinese people around the world celebrate with their
loved ones.”
Mr Zhu Shumin, Executive Vice President of Bank of China, added,
“Cross-border financial services have always been Bank of China’s
competitive edge and key focus. Western Union is one of the world’s
largest and most experienced international money transfer
companies, and Bank of China is the most international and
diversified Chinese commercial bank. Our cooperation will allow our
joint customers to enjoy an even bigger range of remittance
products, more convenience and raise our service standards. Through
our collaboration, I hope that we can explore new areas of
cross-border business and continually develop new products to
satisfy the diverse needs of cross-border customers.”
Western Union® services have been available in China since 1995.
With the addition of Bank of China’s branches and sub-branches,
Western Union Money Transfer service will be available at over
30,000iv locations nationwide in cooperation with 15 Agents.
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 US$82 billion of principal between consumers, and 459
million business payments. For more information, visit
www.westernunion.com.
About Bank of China
As a 100-year-old brand in China’s financial services sector,
Bank of China is the country’s most international and diversified
bank, providing a comprehensive range of financial services and
competitive expertise in foreign exchange operations with extensive
branches overseas. Benefitting from its global network and foreign
exchange expertise, Bank of China continually pursues advancement
and innovation based on prudent operations and has achieved a
leading position in the Chinese financial industry. In particular,
its competitive strength and good standing in international
settlements and foreign exchange operations has being widely
recognized and praised within the industry and by customers. In
2013, Bank of China was named a Global Systemically Important Bank,
becoming the only financial institution from an emerging economy to
be so listed for three consecutive years.
WU-F, WU-G
___________________________________
i Funds may be delayed or services unavailable based on certain
transaction conditions, including amount sent, destination country,
currency availability, regulatory and foreign exchange issues,
required receiver action(s), identification requirements, Agent
location hours, differences in time zones, or selection of delayed
options. Additional Restrictions may apply. See Send form for
details.
ii For information about local service availability, consumers
in mainland China may call the Western Union China hotline on 800
820 8668 (toll free) or +86 21 6866 4610 (charges apply), or the
Bank of China Service hotline on 95566.
iii, iv Network data as of September 30, 2014 inclusive of the
10,000 expected Bank of China locations.
Western UnionAmericas and European Union:Pia De
Lima, +1 954-260-5732Pia.DeLima@westernunion.comorUS:Sarah
Meske, +1 720-332-2796sarah.meske@westernunion.com
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