The Western Union Company (NYSE:WU), a leading provider of money
transfer services, today confirmed a multi-year agreement with its
Agent, Weizmann Forex Limited, to provide money transfer services in
India, via more than 10,000 locations. Weizmann Forex has been a
Western Union Agent since 2001 and is one of the leading Agents in
India.
Western Union is one of the leading providers of money transfer
services in the world. It continues to grow by capitalizing on
long-term global migration trends and increasing cross-border
remittances. According to World Bank's Global Economic Prospects
report -- India is the world's largest receiver of remittances with
23.4 Billion US Dollars remitted into India in 2006.
Weizmann Forex Limited is one of the leading money exchange
companies in India. Weizmann Forex Limited is part of Weizmann Group,
a company that has been in business for more than two decades during
which it has acquired a reputation in the fields of Textiles
Manufacturing, Wind and Hydro Power Generation, Exports, Housing,
Consumer Finance and Financial Services.
One of the leading players in India's money exchange arena,
Weizmann Forex Limited has branches across India and a presence in all
major Indian cities. This long-term agreement broadens the
relationship between Western Union and Weizmann Forex further
consolidating Weizmann Forex' presence in the money transfer field and
reaffirming Western Union's commitment to India as a growth market.
"We look forward to the continuation of our important relationship
with Weizmann Forex Limited," said Christina Gold, President and CEO,
The Western Union Company. "Western Union understands the complexity
and diversity of the Indian market and is committed to providing the
valued financial services the Indian consumer has come to expect from
us. Working with trusted businesses like Weizmann Forex enables us to
deliver on our promise to enhance our network and deliver the best
service possible for our customers."
About Weizmann Forex Ltd
Weizmann Forex Ltd is one of the leading money exchange services,
and a leading network agent for Western Union in India. Weizmann Forex
Limited is part of Weizmann Group, a company that has been in business
for over two decades during which time it has acquired a reputation in
the field of Textiles Manufacturing, Wind and Hydro Power Generation,
Exports, Housing, Consumer Finance and Financial Services. Weizmann
Forex Limited has 31 branches in major cities across the country.
About Western Union
Western Union, together with its affiliates Orlandi Valuta and
Vigo, are leading providers of global money transfer, 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.
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