ENGLEWOOD, Colo. & SAO PAULO, Brazil--(BUSINESS WIRE)--The Western Union Company (NYSE: WU), a global leader in payment services, and Banco Bradesco, SA, one of the largest privately held banks in Brazil, today rolled out the Western Union® global money-transfer service, first announced last year, across more than 4,880 Banco Bradesco banking center locations in Brazil. The new service includes receiving money transfers in Brazil from abroad, with the ability to send money in the near future. Bradesco is the first private bank to offer the Western Union money transfer service in Brazil.
“We are excited to offer our account-holders and walk-in consumers the ability to receive money transfers throughout Banco Bradesco banking centers, currently present in all 5,564 Brazilian municipalities,” said Marlene Millan, Director Bradesco Foreign Exchange Department. “Our relationship with Western Union enables Bradesco to expand beyond existing product and service offerings to better meet the diverse needs of consumers and the communities we serve in Brazil.”
The money-transfer service agreement with Banco Bradesco is an important step in Western Union's "go-to-market" strategy in Brazil. As Western Union expands its money movement service offerings, and in an effort to strengthen both its relationship and value proposition with consumers, the company looks to tap into cash, account and card-based solutions.
Odilon Almeida, Senior Vice President and General Manager, Latin America and Caribbean, Western Union, said, “Our relationship with Banco Bradesco to offer money-transfer is part of Western Union’s continued focus on identifying and driving the development of best-in-class services to expand the company’s business to new consumer segments in Brazil. Whether it is cash, account, or card based, our expanding global money-movement network provides consumers more ways to move money quickly to more places worldwide.”
To learn more about Western Union services and Agent locations in Brazil, please visit www.westernunion.com.br or call 0800-7079330 (toll-free number).
The Western Union Money Transfer® service has been available in Brazil since 1997.
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 approximately 455,000 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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