The Western Union Company (NYSE: WU), a global leader in money transfer services and India Post – a Government of India enterprise, today announced the renewal of a multi-year agreement to extend the availability of the Western Union® Money Transfer service throughout India.
"We are pleased to continue our successful relationship with India Post – one of the world’s largest postal organizations - and to have the opportunity to expand our coverage together in this important market,” said Hikmet Ersek, Executive Vice President and Managing Director, Europe, Middle East, Africa and Asia Pacific Region, Western Union Financial Services.
"India Post has an impressive national network with strong urban and rural coverage – allowing us to meet the needs of consumers in India and to ensure that our services are ever more accessible and convenient for them," he added.
"Over the years, the association between India Post and Western Union has often been described as one of the more successful Public Private Partnership (PPP) programs in India ever. Beyond business, our common goals of facilitating financial inclusion and reaching out to the masses have truly benefited this relationship,” added Anil Kapur, Managing Director - South Asia, Western Union Financial Services.
Postal organizations globally are valued agents of Western Union operating in the heart of communities. Globally, Western Union is associated with around 100 postal organizations, predominantly offering money transfer services to rural and interior areas. Across South Asia, Post offices in general and Post Masters in particular serve an important influencing role for villagers and community elders. Consequently, financial services offered through Post offices are well regarded among consumers who frequent these locations.
About Western Union
The Western Union Company (NYSE: WU) a leading provider of global money transfer services. Together with its affiliates, Orlandi, Valuta and Vigo, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. It operates through a network of approximately 365,000 Agent locations in more than 200 countries and territories. For more information, visit www.westernunion.com.