Western Union Expands Its Presence with UAE Exchange in Europe

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

The Western Union Company WU, a global leader in payment services expanded its global relationship with UAE Exchange, an international money transfer retailer, from North Africa and Middle East to securing retail presence in 16 major city centres in the United Kingdom, Ireland, Germany & Netherlands.

Fourteen UAE Exchange's Agent locations in major cities of London, Leicester, Birmingham and Wolverhampton (UK) and Dublin, (Ireland) have been activated to service customers wishing to send money using Western Union Money Transfer^® services with multi-channel pay-out options in receiving countries. Agent locations in Munich (Germany) and Rotterdam (Netherlands) will follow soon.

The services include cash-pay out in more than 200 countries and territories, Direct-to-Bank to 40 countries including India, China, Nigeria, Pakistan, Australia and Japan and Direct-to-Mobile-wallet in 10 countries including Philippines, Bangladesh, Kenya, Afghanistan and Indonesia

‘Thanks to our expanded relationship with UAE Exchange, our retail presence in 16 major European cities expands our customers' flexibility of sending cash and choice to facilitate convenient multi-channel pay-out options based on receiver preferences–either in cash, into bank account or mobile wallet depending on the receiver's country,” said Giovanni Angelini, Senior Vice President and General Manager European Union.

“Extending our relationship with UAE Exchange, a prominent international money transfer retailer, into Europe has helped facilitate our goal to offer customers flexible, reliable and convenient ways to send and receive money around the world,” he said.

“Solidifying our long-term relationships with customer-focused high-quality Agents like UAE Exchange is a key part of our strategy to offer consumers ever more ways to help them achieve their goals by striving to make our services accessible wherever they need to send or receive money,” he said.

Mr. Lakshmi Narayanan, Regional Head – UAE Exchange Europe, said, “We are extremely pleased with expansion of our relationship with Western Union. Importantly it allows European customers to access Western Union's global connectivity and multi-channel choice.”

“Europe is a significant hub for international migration with a large demand for international remittance services to family and loved ones across the globe. The European collaboration is a natural extension of our existing long and strong relationship with Western Union in the Middle East and North Africa.

The value and goodwill which both UAE Exchange and Western Union bring to the table is immense. We are confident that customers will be happy and benefit highly with this association.”

¹Note to Editors:

Western Union services are now available at UAE Exchange's following European customer locations: In the UK (London – Whitechapel; East Ham; Ilford; Manor Park; Forest Gate; Walthamstow; Southall; Croydon; Wembley; Soho Square); (Leicester); (Wolverhampton); (Birmingham). In the Republic of Ireland (Dublin – Tallaght). Germany (Munich) and Netherlands (Rotterdam) will open soon. Opening hours vary locally.

About Western Union

The Western Union Company 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, 2014, 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 2013, The Western Union Company completed 242 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 459 million business payments. For more information, visit www.westernunion.com.

About UAE Exchange

UAE Exchange is a leading global money transfer, foreign exchange and payment solutions brand with 34 years of successful operations. It has over 750 branches across 32 countries, which makes UAE Exchange, the largest globally networked remittance brand. In Europe it has a strong presence with currently 16 branches across UK, Ireland, Germany and Netherlands. The brand offers various services like instant bank transfers, instant cash transfers, gold loans, foreign currency exchange etc. It also offers online money transfers through Money2anywhere.com.

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For more information, please log on to www.uaeexchange.com

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