ENGLEWOOD, Colo.--(BUSINESS WIRE)--Western Union (NYSE: WU), a leader in global payment services, and Societe Generale, one of the largest financial services groups in Europe, today announced an agreement that will introduce the Western Union® Money TransferSM service in Societe Generale International Retail Banking’s network in new countries across Europe - excluding metropolitan France - and CIS, Africa and Asia Pacific.
Societe Generale International Retail Banking already offers Western Union services in more than 2,500 locations across 25 countries. The agreement is an extension of the two companies’ successful collaboration across Europe and Africa.
“We’re looking forward to combining our strengths in Asia Pacific and the Commonwealth of Independent States,” said Hikmet Ersek, CEO and President, Western Union. “Societe Generale and Western Union are both global brands with worldwide presence. This renewal, and more importantly, the extension of our relationship into more countries, builds on our past success and global infrastructure.”
“Renewing the global agreement with Western Union will allow us to expand our relationship to more markets. Therefore, we will better serve our clients with complete solutions, which is at the heart of our business,” said Jean-Louis Mattei, Head of International Retail Banking at Societe Generale.
The relationship between Societe Generale and Western Union has grown rapidly since the first Western Union Money Transfer agreement was signed in 1998.
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. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of 470,000 agent locations in 200 countries and territories. In 2010, The Western Union Company completed 214 million consumer-to-consumer transactions worldwide, moving $76 billion of principal between consumers, and 405 million business payments. For more information, visit www.westernunion.com.
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