Foremost African financial institution, Guaranty Trust Bank plc has reaffirmed its position as a leading provider of e-payment solutions with the introduction of a new service that allows customers receive Western Union funds directly into their GTBank account via any of the Bank’s Automated Teller Machines (“ATMs”) in Nigeria. The service is also available on
The Western Union Company, has announced that Robert W. Selander has been appointed to the company’s Board of Directors, effective July 17, 2014, to serve until the next annual election of directors in 2015. Mr. Selander will serve on the Compensation and Benefits and Compliance Committees of the Board. “Mr. Selander has extensive global business,
The Western Union Company, has announced the launch of a new web site in Nigeria. The Nigeria launch represents the first receive-enabled Western Union web site, globally. “Western Union is growing its network and increasing consumer access to our services worldwide,” said Khalid Fellahi, senior vice president and general manager, Western Union Digital. “The launch
The Western Union Company has announced the expansion of its services in Malaysia with the launch of its dedicated business payments unit, Western Union Business Solutions. In addition to its consumer-to-consumer money-transfer service, Western Union will now provide corporate businesses, particularly small- and medium-sized enterprises (SMEs), with international payment and foreign-exchange products to improve their
Remittances to Kenya have increased 16 per cent over the past year, according to the Central Bank of Kenya (CBK), boosted by the growth in remittances through the likes of Western Union and M-Pesa. The bank said the country has received nearly US$120 million from Kenyan diaspora, up US$17 million from last year. “Remittance inflows
Following today’s launch of the 2014 Africa Progress Panel report, Dr Ismail Ahmed, CEO of WorldRemit and former adviser to the United Nations, called for regulators around the world to take action against the anti-competitive business and lobbying practices of Western Union and MoneyGram. Dr Ahmed, an African himself, is a leading expert on remittances.
The Western Union Company has reported financial results for the 2014 first quarter. The Company also affirmed its full year financial outlook, which was previously provided on February 11, 2014. The Company continues to focus on executing strategies to strengthen the consumer money transfer business, with an emphasis on digital expansion; to drive growth in
Thuraya Telecommunications Company, a Mobile Satellite Services operator, and Western Union have announced their agreement to offer top-up services for Thuraya prepaid SIMs for voice and data services using the Western Union Quick PaySM service. The service is available at participating Western Union agent locations in the majority of the 200+ countries and territories in
NetSpend, a TSYS Company, announced it has joined forces with Western Union to develop an innovative co-branded prepaid card, available later this year. “Combining the strengths of Western Union’s global brand and expertise in moving money with NetSpend’s deep prepaid knowledge and unique product capabilities, creates an incredible opportunity for us to better serve an
Interswitch, recently finalised a deal with Western Union to introduce an account-based money transfer service into the Nigerian market. This deal allows customers to receive money transfers from Western Union directly into their bank accounts. The service eliminates the need to visit a physical bank branch and there is no additional charge to the receiver
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