The Western Union Company (NYSE: WU), a global leader in payment
services expanded its global relationship with UAE Exchange, an
international money transfer retailer, from North Africa and Middle East
to securing retail presence in 16 major city centres in the United
Kingdom, Ireland, Germany & Netherlands.
Western Union expands its presence with UAE Exchange in Europe. (Photo: Business Wire)
Fourteen UAE Exchange’s Agent locations in major cities of London,
Leicester, Birmingham and Wolverhampton (UK) and Dublin, (Ireland) have
been activated to service customers wishing to send money using Western
Union Money Transfer® services with multi-channel pay-out
options in receiving countries. Agent locations in Munich (Germany) and
Rotterdam (Netherlands) will follow soon.
The services include cash-pay out in more than 200 countries and
territories, Direct-to-Bank to 40 countries including India, China,
Nigeria, Pakistan, Australia and Japan and Direct-to-Mobile-wallet in 10
countries including Philippines, Bangladesh, Kenya, Afghanistan and
Indonesia
‘Thanks to our expanded relationship with UAE Exchange, our retail
presence in 16 major European cities expands our customers’ flexibility
of sending cash and choice to facilitate convenient multi-channel
pay-out options based on receiver preferences–either in cash, into bank
account or mobile wallet depending on the receiver’s country,” said Giovanni
Angelini, Senior Vice President and General Manager European Union.
“Extending our relationship with UAE Exchange, a prominent international
money transfer retailer, into Europe has helped facilitate our goal to
offer customers flexible, reliable and convenient ways to send and
receive money around the world,” he said.
“Solidifying our long-term relationships with customer-focused
high-quality Agents like UAE Exchange is a key part of our strategy to
offer consumers ever more ways to help them achieve their goals by
striving to make our services accessible wherever they need to send or
receive money,” he said.
Mr. Lakshmi Narayanan, Regional Head – UAE Exchange Europe, said,
“We are extremely pleased with expansion of our relationship with
Western Union. Importantly it allows European customers to access
Western Union’s global connectivity and multi-channel choice.”
“Europe is a significant hub for international migration with a large
demand for international remittance services to family and loved ones
across the globe. The European collaboration is a natural extension of
our existing long and strong relationship with Western Union in the
Middle East and North Africa.
The value and goodwill which both UAE Exchange and Western Union bring
to the table is immense. We are confident that customers will be happy
and benefit highly with this association.”
1Note to Editors:
Western Union services are now available at UAE Exchange’s following
European customer locations: In the UK (London – Whitechapel; East Ham;
Ilford; Manor Park; Forest Gate; Walthamstow; Southall; Croydon;
Wembley; Soho Square); (Leicester); (Wolverhampton); (Birmingham). In
the Republic of Ireland (Dublin – Tallaght). Germany (Munich) and
Netherlands (Rotterdam) will open soon. Opening hours vary locally.
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 www.westernunion.com.
About UAE Exchange
UAE Exchange is a leading global money transfer, foreign exchange and
payment solutions brand with 34 years of successful operations. It has
over 750 branches across 32 countries, which makes UAE Exchange, the
largest globally networked remittance brand. In Europe it has a strong
presence with currently 16 branches across UK, Ireland, Germany and
Netherlands. The brand offers various services like instant bank
transfers, instant cash transfers, gold loans, foreign currency exchange
etc. It also offers online money transfers through Money2anywhere.com.
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For more information, please log on to www.uaeexchange.com
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