Western Union Signs Seven Banks in Myanmar

The Western Union Company (NYSE: WU), a leader in global payment services,today launched Western Union Money Transfer^® services at six banks inMyanmar, for the first time allowing Myanmarese and residents to receiveinternational money remittances from more than 200 countries and territoriesin minutes.In addition to the six banks, Kanbawza Bank, the largest private bank inMyanmar with over 90 locations nation-wide, has signed with Western Union.A combined network of more than 150 locations representing Co-operative Bank,First Private Bank, Myanma Apex Bank, Myanmar Livestock and FisheriesDevelopment Bank, Myanmar Oriental Bank and United Amara Bank are nowconnected to Western Union's global network of over 500,000 Agent locations.Kanbawza's agreement will further expand the Western Union Agent Network tonearly 250 locations in the coming month. Western Union is the first globalmoney transfer operator to sign seven banks after sanctions were eased lastyear.