Western Union Extends Its Relationship with La Banque Postale



    The Western Union Company (NYSE: WU) today announced that it has
    renewed its relationship with La Banque Postale. The new agreement
    will enable Western Union to pursue a successful business strategy as
    it continues to create rich opportunities by strengthening the Western
    Union brand and its relationships with Agents.

    With approximately 29 million customers, La Banque Postale
    operates one of France's largest financial services networks. They
    have a bank license that allows them to offer a wide range of
    financial services. In October 2006, Western Union and La Banque
    Postale celebrated 10 years of working together. The agreement with La
    Banque Postale promises to increase Western Union's reach throughout
    France. Presently, Western Union and its agents operate more than
    3,000 locations across France, and customers carry out millions of
    Western Union Money Transfers annually with La Banque Postale.

    Both organizations also manage a successful joint venture "La
    Societe Financiere de Paiements" (SFdP) which, along with its
    correspondents, manages a network of 46 branches located in France's
    major cities. This joint venture was created in 2003 to complement the
    Western Union service offering within La Banque Postale and endeavor
    to meet the wide-ranging needs of customers -- primarily immigrants
    who have left home to seek a better life in France and who continue to
    send money home to the families they have left behind. These
    remittances provide support for everyday necessities like education,
    food and health.

    Establishing the joint venture has enabled Western Union to extend
    opening hours, merchandise and brand stores to increase visibility and
    focus on training employees solely on money transfer services. Many of
    SFdP's employees are from varying ethnic backgrounds and have
    multi-language skills. SFdP branches offer a personalized service with
    staff, speaking Arabic, Mandarin, Cantonese, Urdu and Turkish, among
    other languages, as customers are primarily from Northern and
    Sub-Saharan Africa, notably Morocco, Tunisia, Senegal, Cameroon and
    Ivory Coast, but also from China, Haiti, Turkey and Brazil.

    La Societe Financiere de Paiements is continuing to grow,
    particularly through the creation of commercial relationships with new
    banking partners like the WAFA Bank and Banque Accord. In February
    2006, Travelex Banque signed an agreement with La Societe Financiere
    de Paiements to offer Western Union services in 24 of their branches.

    The joint venture's latest coup was acquiring five dedicated Agent
    locations from CPR Billets, a subsidiary from the Tessi group. These
    locations had already been offering the Western Union (R) Money
    Transfer service, and their employees are well trained in the money
    transfer sector. They are from diverse ethnic backgrounds and have
    lots of experience with understanding Western Union consumers. These
    newly bought dedicated Agent locations have already been recognized as
    "Flagship" stores.

    Hikmet Ersek, Vice President and Managing Director Western Union,
    Europe, Middle East, Africa and South Asia, said, "Western Union is
    one of the leading providers of money transfer services in the world.
    We provide our customers with a valuable service. We continue to grow
    by increasing our Agent network, and we are constantly striving
    towards attaining complete customer satisfaction. The extension of our
    agreement with La Banque Postale truly helps us to expand the Western
    Union services throughout France."

    About Western Union

    Western Union, together with its affiliates Orlandi Valuta and
    Vigo, is a leading provider of global money transfer services,
    providing people with fast, reliable and convenient ways to send money
    around the world, pay bills and purchase money orders through a
    network of approximately 300,000 Agent locations in over 200 countries
    and territories. For more information, visit www.westernunion.com.

    WU-G