Market Overview

Western Union Signs Five-Year Agreement with Safeway Inc.

ENGLEWOOD, Colo.--(BUSINESS WIRE)--

The Western Union Company (NYSE: WU), a leader in financial services, today announced a renewal agreement with Safeway Inc. (NYSE: SWY), one of the largest food and drug retailers in North America.

Under the terms of the agreement, more than 1,640 Safeway store locations across the United States and Canada will continue to offer Western Union® global money transfer services. Safeway will also introduce Western Union money order and consumer bill payment services in the U.S. in 2013.

“Providing customers with Western Union services allows Safeway to enhance customer loyalty and uncover new revenue opportunities,” said Hikmet Ersek, President and CEO, Western Union. “Adding consumer bill payment and money order services as part of the renewal agreement expands our relationship with Safeway and builds on our commitment to provide customers with a wide variety of options to manage their finances.”

“Our international scale, coupled with a globally-recognized brand known for speed and reliability, is the foundation that customers rely upon.”

For more information on Western Union services, visit www.westernunion.com.

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, 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 510,000 agent locations in 200 countries and territories. In 2011, The Western Union Company completed 226 million consumer-to-consumer transactions worldwide, moving $81 billion of principal between consumers, and 425 million business payments. For more information, visit www.westernunion.com.

About Safeway Inc. www.Safeway.com
Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America, based on sales. The company operates 1,644 stores in the United States and Canada and had annual sales of $43.6 billion in 2011. The company's common stock is traded on the New York Stock Exchange under the symbol SWY.

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The Western Union Company
Dan Diaz, +1-720-332-5564
daniel.diaz@WesternUnion.com

 

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