HomeBusiness DigestWestern Union increases presence in Africa

Western Union increases presence in Africa

Staff Writer

WESTERN Union, a leading provider of money transfer services with one of the largest distribution networks in Africa, is entrenching its roots in the region through an assoc

iation with Standard Chartered Bank.

Standard Chartered, a leading international bank in Asia and the Middle East, and currently operating in 14 African states, now offers the Western Union Money Transfer service in the Gambia, Ghana and Zimbabwe.

This makes it the fourth such Pan-African Bank agreement for Western Union after Société Générale, Credit Lyonnais and BNP-Paribas.

Western Union offers its money transfer service through a network in Africa of 86 banks, 27 postal organisations and 12 independent retail agents.

“We are confident that our network puts us at the forefront of providing financial services in Africa and our outlets are strategically placed to meet this challenge,” said Hikmet Ersek, senior vice president, Western Union Europe, Middle East, Africa, Asia and Pacific. “Agreements with such high-calibre financial institutions provide Western Union with an opportunity to combine local knowledge with global expertise, and provide customers with an ideal environment for safe and reliable money transfers”.

Douglas Beckett, regional head of consumer banking (Africa) praised the new deal.

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