Western Union Signs Deal With Leading Bank in Indonesia
Addition of Bank Mandiri Adds 630 Locations To Western Union's International Agent Network
Wednesday October 9, 3:42 pm ET
biz.yahoo.com
DENVER, Oct. 9 /PRNewswire-FirstCall/ -- Western Union Financial Services, Inc., a subsidiary of First Data Corp. (NYSE: FDC), announced the signing of a money transfer agreement with Bank Mandiri Indonesia, the nation's largest bank in terms of assets, loans and deposits. This multi-year contract will allow Western Union to offer money transfer services in up to 630 branches throughout Indonesia. The addition of Bank Mandiri will bring Western Union's total number of Indonesian agent locations to more than 2,000.
Bank Mandiri, a household name in Indonesia, provides comprehensive financial service to more than 6 million corporate and individual customers as well as small and medium sized enterprises. Its addition to the Western Union agent network will expand availability of Western Union services and aid Indonesian expatriates in the Middle East, Asia, Australia, North America and Europe who continue to send funds to loved ones back home.
"The agreement with Bank Mandiri and more than 40 other banks within the Asia Pacific region demonstrates that Western Union is rapidly becoming the money transfer service of choice to the Asian Banking community and to Asian migrants around the globe," said Bill Thomas, president, Western Union International.
"Bank Mandiri recognizes the desire for fast, reliable money transfer services among its customers" said Mr. Omar Anwar, executive vice president of Bank Mandiri. "Working with Western Union allows us to provide the services our customers need, furthering our goal of supporting economic development throughout Indonesia and serving the entire society." |
