Western Union Omni-Channel Strategy Gains Further Momentum Launching WU.com Online Money Transfer Capabilities in Several European Countries

Czech Republic, Europe, Hungary, Lithuania, Malta, North America, Slovakia, United States

Western Union now Offers Online Transactional Capabilities in 29 Countries Worldwide

11/08/2015 — ENGLEWOOD, Colo. — (BUSINESS WIRE)

TheWestern Union Company(NYSE:WU), a leader in global payment services, announced the launch of new transactional web sites inthe Czech Republic, Hungary, Lithuania, Malta, and Slovakia. With these new introductions, Western Unionnow has online transactional services in 29 countries, enabling consumers to send money to over 200 countries and territories worldwide.

Leveraging a strong omni-channel strategy, Western Union continues to grow its online transactional network worldwide, saidKhalid Fellahi, senior vice president and general manager,Western Union. We have an extensive funds-in and funds-out network that connects over half a million diverse retail agent locations, ATMs and kiosks, our own and third party digital sites, and mobile wallets. Our cross-border platform provides the technology, foreign exchange conversion and settlement, regulatory and compliance infrastructure, and data management that brings this network together, allowing for efficient and timely money movement for multiple use cases almost anywhere in the world.

Consumers across these countriescan now send fast, convenient and reliable Western Union Money Transfertransactions simply by visitingthe Web site or the countrys agent locations:

These new transactional sites follow recent announcements by the company such as the ability to have Western Union Money Transfer transactions originating from nearly anywhere in the world paid out at more than 3,000 ATMs of PKO Bank Polski inPolandor credited directly to customers bank accounts. Western Unionalso formalized a deal withMasterCardandBanca Transilvania(BT) to enable remittances originated from nearly anywhere in the globe to be received on Maestro andMasterCardconsumer cards using 900 BT automated teller machines (ATMs) acrossRomania.

Today, when speed, convenience and trust mean everything, Western Unions innovation over time has built a powerful cross-border capability for moving money nearly anywhere in the world in minutes*. Its the rare combination of a physical and fast-growing digital network across 200 countries and territories, the ability to exchange money in 120 currencies, the global compliance knowledge, and the technology backbone behind it all that enables the company to move money with great speed and scale.

Consumers can send money to Western Unions network of more than 500,000 Agent locations, and receivers can opt to direct the funds into a bank account at select Western Unionaccount-based money transfer (ABMT) relationships or into a mobile wallet with select Western Union mobile money providers. In addition, customers can continue to use the extensive Western Unionretail Agent network to send and receive money. Through these channels, Western Union addresses the needs of its customers by giving them easy ways, via digital and retail channels, to send funds whenever, and to nearly wherever they desire.

For more information on Western Unions global retail and digital1 capabilities, including mobile applications and mobile money transfer services, please visitwww.WesternUnion.com.

* Service and funds availability depends on certain factors including the Service selected, the selection of delayed delivery options, special terms applicable to each Service, amount sent, destination country, currency availability, regulatory issues, consumer protection issues, identification requirements, delivery restrictions, agent location hours, and differences in time zones (collectively, Restrictions).

1 Digital refers to WU.com and mobile money transfer channels

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, and included the capability to send money to millions of bank accounts. 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.

WU-G

 

CONTACT:

Western Union Media Contacts
US:
Brad Jones, 1-720-332-1262
Bradley.Jones@westernunion.com
or
Europe:
Sabine Fischer: 43-664-152-7554
sabine.fischer@westernunion.com(Austria)

KEYWORDS: United States Lithuania Malta Europe North America Czech Republic Colorado Slovakia Hungary

INDUSTRY KEYWORDS: Professional Services Banking Finance

MEDIA:

Logo
 Logo