ENGLEWOOD, Colo.--(BUSINESS WIRE)--Western Union Business Solutions, a unit of The Western Union Company (NYSE:WU), today announced the launch of its business-to-business service in three new markets.
Through local partnerships, Western Union Business Solutions now offers cross-border payment services in Chile, Cyprus and Jordan, enabling businesses and organizations in all three countries to make international payments with increased speed and transparency.
“I’m very pleased to announce our entry into three new markets,” said Raj Agrawal, President of Western Union Business Solutions. “The combined strength of Western Union Business Solutions’ innovative products and Western Union’s unparalleled Agent network gives us the perfect platform to expand the financial services available to businesses around the world and provide them with the customer care they deserve – especially the small and medium enterprises (SMEs) who drive so much of the global economy.”
In Chile, Western Union Business Solutions’ payment offerings will be provided by Chilexpress, a leading courier and logistics company with a presence in over 360 Chilean cities. Chilexpress has a strong customer base in a growing market that registers more than 140,000 SMEs.
In Cyprus, Western Union Business Solutions will be introduced via GAP Vassilopoulos, a leading logistics provider with a strong SME client base. GAP Vassilopoulos is a recognized leader in the Cypriot business community with a range of services, including domestic courier, air and sea freight transportation, insurance, travel, and hotel bookings.
Western Union Business Solutions’ partner in Jordan is Kamal Exchange, a leading money exchange company with long-standing links to the business and finance community. Kamal Exchange has a strong presence in Jordan and great experience with both local and foreign financial institutions as well as small- and medium-sized importers and exporters.
Chilexpress, GAP Vassilopoulos and Kamal Exchange are existing Western Union Agents providing consumer money transfer services.
About Western Union Business Solutions
Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage foreign exchange, creating unique solutions tailored to suit their FX needs. It is a business unit of the Western Union Company (NYSE: WU), a leading provider of cross-border payments, which operates its Business Solutions services through locally licensed affiliates and partners in 28 countries. Supported by a network of trading offices, strategic banking relationships and a global clearing network, businesses can send cross-border payments in more than 135 currencies. © 2012 Western Union Holdings, Inc. All rights reserved.
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 June 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.