Western Union, Seven Bank to Introduce International Money Transfers in Japan via Electronic Channels

Accountholders will be able to send, receive money via online, mobile banking, ATMs

ENGLEWOOD, Colo.--()--The Western Union Company (NYSE: WU), a leader in global payments, announced today that it will launch international money-transfer services in Japan with Seven Bank.

Once launched, the service will enable registered Seven Bank customers to send money online via their bank accounts, mobile banking, and, this summer, via 15,000 ATM machines throughout Japan. This will mark the first time Western Union® services are available via ATM in the Asia-Pacific region.

The service will connect Seven Bank’s accountholders to Western Union’s global network of more than 400,000 Agent locations in 200 countries and territories.

“More than 2 million people in Japan have moved there from abroad – including China, Korea, Brazil, the Philippines and the U.S. – and they are often sending money home,” said Drina Yue, Managing Director and Senior Vice President, Western Union Asia Pacific. “Western Union is proud to make it easy for them move money how, where and when they want – 24 hours a day, 7 days a week.”

The Western Union Money Transfer service will be available to Seven Bank accountholders beginning March 22, 2011. The ATM-Western Union Money Transfer will be available in July 2011.

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. The Western Union, Vigo and Orlandi Valuta-branded services are offered through a combined network of 445,000 Agent locations in 200 countries and territories. In 2010, The Western Union Company completed 214 million consumer-to-consumer transactions worldwide, moving $76 billion of principal between consumers, and 405 million business payments. For more information, visit www.westernunion.com.

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Contacts

Western Union
Media (U.S.)
Tom Fitzgerald
+1-720-332-4374
tom.fitzgerald@westernunion.com
or
Investors:
Mike Salop
+1-720-332-8276
Mike.salop@westernunion.com

Release Summary

The Western Union Company (NYSE: WU), a leader in global payments, announced today that it will launch international money-transfer services in Japan with Seven Bank.

Contacts

Western Union
Media (U.S.)
Tom Fitzgerald
+1-720-332-4374
tom.fitzgerald@westernunion.com
or
Investors:
Mike Salop
+1-720-332-8276
Mike.salop@westernunion.com