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Payments, Banking Technologies, Capital Markets...
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| March 3, 2010 | in: Payments |
Western Union has signed agreements to offer Western Union Money Transfer services with Bank of Jilin, Bank of Harbin, Fujian Haixia Bank and Zhejiang Chouzhou Commercial Bank. These agreements extend Western Union’s network reach to the northeastern, southern and eastern regions of China.
“These regional city bank agent agreements are significant, as each bank is a leader within its locality and brings unique international specialization,” said Hikmet Ersek, Western Union’s chief operating officer.
In the international money-transfer business, the Bank of Jilin specializes in servicing customers based in Korea, North America and Europe; Bank of Harbin covers Russia, Korea and Japan; Fujian Haixia Bank serves the U.S. and Japan; and Zhejiang Chouzhou Commercial Bank covers Europe and the Middle East.
These new Agent banks join other current Western Union bank Agents The Postal Savings Bank of China, The Agricultural Bank of China and China Everbright Bank.