Customers can send up to ˆ500 per month
31/08/2015 — ENGLEWOOD, Colo. & ATHENS, Greece — (BUSINESS WIRE)
The Western Union Company, a leader in global payment services, today announced that it has reactivated its out-bound Western Union Money Transfer® service from Greece through its Agent, WorldBridge Payment Institution (Paylink®), allowing customers to send money from Greece to more than 200 countries and territories. A ˆ500 per month per customer cap and monthly Agent limits will apply, imposed by the Government.
The restoration of this service follows the implementation of a new legal act by the Greek Government, which has allowed a number of money transfer operators supervised by the Bank of Greece to resume performing out-bound money transfers under special conditions. WorldBridge, as with every Payment Institution, has a monthly upper limit for all out-bound money transfers.
Western Union has already reopened much of its in-bound Western Union Money Transfer® service into Greece, with cash payout of international and domestic money transfers available at more than 1,500 Agent locations across Greece. Western Union Money Transfer® transactions payable in Euro via the Western Union® Agent retail network Paylink and ELTA – Greece’s Postal Authority are not subject to Greek capital controls.
“Together with our Agents, we have been working hard to restore Western Union services fully in Greece. This has been a priority for us since the commencement of the enforced bank holiday in late June as we have sought to help our customers in Greece through this difficult financial time,” said Giovanni Angelini, Senior Vice President and General Manager for Europe at Western Union.
“Connecting people and their aspirations remains at the heart of who we are. When money moves around the world, better things can happen. The reactivation of our out-bound services is a major outcome for our customers in Greece, and takes us further down the road towards the full restoration of our services,” he said.
Western Union’s cross-border capability is a rare combination of a physical and digital network across 200 countries and territories. Across its brands the company has over 500,000 retail agent locations across the world – from leading retailers to banks, more than 100,000 ATMs and kiosks, over 90 active Account Based Money Transfer banks, bank payout in more than 50 countries and wu.com sites in 29 countries.
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 June 30, 2015, 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 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.westernunion.com.
KEYWORDS: United States Europe North America Colorado Greece
INDUSTRY KEYWORDS: Professional Services Banking Finance