ENGLEWOOD, Colo.--(BUSINESS WIRE)--Western Union, (NYSE: WU), a leader in global payment services, today announced that it will offer its Account-Based Money TransferSM service to Emirates NBD accountholders throughout the UAE.
The agreement between Western Union and Emirates NBD, a leading bank in the region, marks the first time that the service is available in the UAE. The service will enable Emirates NBD accountholders to send Western Union® Money Transfers directly from their bank accounts via online banking, their mobile phones and more than 700 ATMs in the region.
“The Account-Based Money Transfer Service is a key component of Western Union’s electronic channels strategy,” said Jean Claude Farah, Western Union’s Senior Vice President for the Middle East and Africa. “Our goal is to offer convenient ways to move money. This alliance with Emirates NBD is a clear example of two leading companies collaborating to meet the fast-evolving needs of consumers for technology-driven innovations and services.”
Once launched, Emirates NBD accountholders will be able to send money to anyone within the UAE and to more than 400,000 Western Union Agent locations in 200 countries and territories.
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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