Western Union Expands Network in Turkey by Signing a Major New Agent, Yapi Kredi
June 07 2010 - 8:00AM
Business Wire
The Western Union Company (NYSE: WU) announced today that it has
signed an agreement with Yapi Kredi, a top retail, private and
commercial bank in Turkey. Western Union national and international
money-transfer services are now offered at 830 Yapi Kredi branches
throughout Turkey.
The agreement with Yapi Kredi represents an excellent
opportunity for Western Union to expand its distribution network in
Turkey, which currently consists of more than 4,700 locations in 81
cities, and potentially target Yapı Kredi’s 6 million-strong
customer base.
Jan Hillered, Senior Vice President, Europe & CIS at Western
Union, said, “I am delighted to announce the agreement with YKB.
Western Union has a strong network in Turkey, which covers the
entire country and consists of many top banks, as well as the post
office. YKB is an excellent addition to this network as it has a
powerful retail franchise and a well-recognised brand. Offering the
Western Union® Money Transfer service at 830 YKB branches will mean
enhanced service and convenience for our customers, as well as the
opportunity to expand our customer base and leverage our brand name
in Turkey.”
Nazan Somer, Executive Vice President Retail Banking Yapi Kredi,
said, “We are very pleased to have such collaboration with one of
the world’s leading money-transfer companies. As one of the market
leaders in the banking sector in Turkey, we see the introduction of
the Western Union Money Transfer service as one of the key drivers
in increasing customer satisfaction. The Western Union Money
Transfer service will certainly enhance our full range of financial
services offered to our customer base.”
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 Custom House branded payment services, Western Union
provides consumers and businesses with fast, reliable and
convenient ways to send and receive money around the world, as well
as send payments and purchase money orders. The Western Union, Vigo
and Orlandi Valuta branded services are offered through a combined
network of more than 420,000 agent locations in 200 countries and
territories. In 2009, The Western Union Company completed 196
million consumer-to-consumer transactions worldwide, moving $71
billion of principal between consumers, and 415 million business
payments. Western Union service is offered through internet at
www.garanti.com.tr and over 5.000 agent locations of T.C Ziraat
Bankası, PTT, Finansbank, ING Bank, Fortis, Türkiye Finans,
Denizbank, T Bank and Al Baraka Türk branches. For more information
visit www.westernunion.com.tr
About Yapi Kredi Bank
As the first national private bank of Turkey, Yapı Kredi has set
the standards for the Turkish banking sector introducing innovative
products and services for 66 years. Adhering to a customer-centric
strategy and segment-based service model, Yapı Kredi delivers its
service with 17,000 employees through a network consisting of 838
branches and more than 2,300 ATM’s in addition to its rich-content
internet and telephone banking applications.
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