Tag: Western Union

Western Union and Orascom Telecom join forces to pilot mobile money transfer service

Posted by | Oct 20, 2008 | |

The Western Union Company announced that it has created an alliance with Orascom Telecom Holding S.A.E. (“Orascom Telecom”), one of the largest mobile operators in the Middle East, Africa and Asia.
Orascom Telecom and Western Union plan to work together to introduce mobile remittance services in select markets. The services aim to make low-principal, high-frequency remittances more convenient to the millions of consumers who send money every day.
The mobile money transfer service connects mobile operators to Western Union’s for processing cross-border remittances. Once connected to Western Union’s service, mobile operators use their own “mobile wallet” software to enable person-to-person mobile money transfers over Western Union’s global remittance network. The Mobile Money Transfer service enables consumers to transfer money to or from mobile wallets and is being introduced into the global network of Western Union Agent locations for cash-to-mobile and mobile-to-cash transactions.

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Money transferring through post offices sees a good start

Posted by | Aug 24, 2008 | |

The postal department saw a good response from clients in the first one month of working as the principal agent of Western Union in Bangladesh.

The department started the service from July 13 this year. It is now operating special counters in 12 post offices in the city and 438 others throughout the country so that people can easily collect remittances sent from abroad.

The post offices that are operating as Western Union points in the capital are Dhaka General Post Office (GPO) and post offices at Sadarghat, New Market, Mohammadpur, Gulshan, Banani, Basabo, Tejgaon, Shantinagar, Khilgaon and Uttara.

According to GPO sources, they are receiving around 5 to 10 clients of Western Union in their counter every day.

When the postal department announced its collaboration with Western Union in January, a good number of people expressed scepticism about the department’s ability to maintain the quality of service.
The postal department signed an agreement in January with the Western Union to deliver money transferred by the global money transferring company as part of a reform programme to help the financially ailing department reach break-even point by 2009.

The designated postal offices will run the special money transferring desks for the next 5 years. Usual fees are collected by the Western Union while the postal department receives 25 percent commission from the money-transferring organisation.

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Emirates Post and China Post sign deal to enhance cooperation in postal and financial services

Posted by | Jul 16, 2008 | |

Emirates Post and China Post have entered into an agreement to boost bilateral relations, with a focus on international electronic remittance, improvement in EMS (Express Mail Service), wider use of Dubai Transit Mail Hub and better marketing of the international postal service. The visit came as a sequel to a visit by a China Post delegation to Emirates Post in April, in which both sides decided to initiate moves to enhance bilateral business ties. According to the details of the agreement, International Electronic Remittance will be provided by both parties through the International Financial System (IFS) of UPU. Both sides will conduct joint promotion and marketing activities of the service that will be launched at the end of October 2008. China Post Group will consider using the Dubai Mail Transit Hub for mail items originating in China and dispatched to Middle East and Europe. Both parties will negotiate with airlines for better rates. In the field of EMS, both parties agreed to raise the weight limit of a single EMS item to 40 kg. Both parties will work together to launch time-specific services between the two countries. Emirates Post and China Post will work jointly to market customer-oriented postal services in both countries. The Emirates Post delegation visited various facilities of China Post, including the world’s largest sorting centre in Shanghai.

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Western Union's money transfer service thru' postal dept launched

Posted by | Jul 14, 2008 | |

Western Union’s Money Transfer Service through Bangladesh Postal Department was launched yesterday, making an easy way for the expatriates to send home money from abroad.

This facility will be available initially at 450 post offices across the country enabling people to receive remittances easily and quickly. The service will be extended to other post offices of the country in phases.

Special Assistant to the Chief Adviser for Social Welfare and Posts and Telecommunications Brig Gen (Retd) MA Malek formally inaugurated the service by handing over the money sent by an expatriate from Malaysia to his beneficiary.

Postal Department Director General Mobashsher-ur Rahman, Bangladesh Bank Governor Dr Saleh Uddin Ahmed, Posts and Telecommunications Ministry Secretary Iqbal Mahmud, Western Union Country Director Ratish Kumar and Country Manager Syed Mohammad Kamal and Additional DG (postal services) AKM Rafiqul Alam was present at the function.

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Western Union, Banco do Brasil Renew Agent Contract

Posted by | Jul 11, 2008 | |

Western Union renewed its Agent contract with Banco do Brasil last week. Western Union’s Agent relationship with Banco do Brasil dates back to 1997.
Through this renewed five-year contract, Western Union maintains a solid network of 5,400 Banco do Brasil Agent locations throughout the country, retaining its powerful reach and presence throughout Brazil.
Renewal of the contract underscores Western Union’s excellent relationship with Banco do Brasil over the past decade, and highlights the emergent opportunities of the international money transfer business in Brazil.

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