Offers
international Direct-to-Bank money transfer in minutes1to over 40
banks
in the Philippines
MANILA, PHILIPPINES, December 5, 2013 – The Western Union
Company (NYSE:WU), a leader in global payment services, today significantly
expanded into the Philippines’s bank channel paving the way for international
Direct-to-Bank remittances in minutes to over 40 banks in the Philippines from
nine countries.
Western Union
consumers in nine countries – including Australia, Hong Kong, Singapore, New
Zealand, Canada, France, Italy, Norway and United Kingdom – can now send
Direct-to-Bank money transfers from select Western Union® Agent
locations to 59 banks including majority of the top banks in the
Philippines. Money sent to 49 of these banks will be credited into the
bank accounts in minutes1. For the remaining 10 banks,
it will be within one to three working days.
Patricia Riingen, Senior Vice President, East &
South Asia, Western Union, said: “The Western Union Direct-to-Bank service
is aimed at servicing our consumers with a preference to receive funds directly
into bank accounts. Our global vision is about offering choice to our
consumers immaterial of their channel preference. Therefore,
strengthening our retail channel as well as making major in-roads into the
banking channel is about serving an even bigger consumer base, delivering on
our service hallmarks of reliability, speed and convenience and continuing to
enhance our overall brand loyalty.”
According to The World Bank, remittances to the
Philippines exceeded US$24 billion in 2012, making the country the third
largest remittance recipient in the world.
To send money directly to a bank account via Western Union, consumers
simply need the recipient’s full name, the name of the recipient’s bank and the
recipient’s bank account number.
For more information on Western Union, please
visit www.westernunion.com
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