Englewood, Colorado, United States
The Western Union Company (NYSE: WU), a global leader in money transfer services, and Eurogiro, a provider of electronic payment network solutions, today announced that they have extended their alliance for a multi-year term.
Eurogiro was created to give participating European post offices and post banks a means of facilitating cross-border payments. The organization now spans 51 countries around the world. Eurogiro's goal is to enhance customer service, reduce production costs and increase business within member organizations.
In 1998, Eurogiro and Western Union joined forces to provide Western Union services at selected Eurogiro members. Today, more than 25 Eurogiro members, including banks, post offices and postal banks offer Western Union Money Transfer services through more than 40,000 locations in more than 20 countries.
"Our relationship with Eurogiro is strategically very important for Western Union," said Hikmet Ersek, Executive Vice President, Europe, Middle East, Africa and Asia Pacific, Western Union. "Western Union strives to associate with the most trusted service providers throughout the world. Eurogiro members offer a network of convenient, familiar and reliable locations that are already a part of our consumers' daily lives."
"The Western Union same-day cash-to-cash product enables Eurogiro members to reach about 200 countries and thereby supplements Eurogiro's other quality services for the remittance market," said Henrik Parl, chief executive of Eurogiro.
Together, Western Union and Eurogiro will continue to pursue opportunities to expand availability of money transfer services throughout the region and explore opportunities to extend the range of services available through Eurogiro's member organizations.
About Western Union
The Western Union Company (NYSE: WU) is a leading provider of global money transfer services. Together with its affiliates, Orlandi Valuta and Vigo, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. It operates through a network of approximately 305,000 Agent locations in over 200 countries and territories. For more information, visit www.westernunion.com.
About Eurogiro
Eurogiro Network A/S is a network of financial institutions that provides effective solutions for cross border payments. Eurogiro's core strengths are cost efficient solutions, connectivity across borders and among different financial players and an efficient co-operation spirit. Eurogiro currently has 62 connections in 51 countries. The number of connected institutions has grown steadily since the start in the beginning of the 1990's. Eurogiro now connects Europe, Asia, Australia, Africa, South and North Americas for both cash and account payments.
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Source: Business Wire (Business Wire India)