Western Union Activates Out-Bound Money Transfers from Greece to More Than 200 Countries and Territories
August 31 2015 - 8:30AM
Business Wire
Customers can send up to €500 per
month
The Western Union Company, a leader in global payment services,
today announced that it has reactivated its out-bound Western Union
Money Transfer® service from Greece through its Agent, WorldBridge
Payment Institution (Paylink®), allowing customers to send money
from Greece to more than 200 countries and territories. A €500 per
month per customer cap and monthly Agent limits will apply, imposed
by the Government.
The restoration of this service follows the implementation of a
new legal act by the Greek Government, which has allowed a number
of money transfer operators supervised by the Bank of Greece to
resume performing out-bound money transfers under special
conditions. WorldBridge, as with every Payment Institution, has a
monthly upper limit for all out-bound money transfers.
Western Union has already reopened much of its in-bound Western
Union Money Transfer® service into Greece, with cash payout of
international and domestic money transfers available at more than
1,500 Agent locations across Greece. Western Union Money Transfer®
transactions payable in Euro via the Western Union® Agent retail
network Paylink and ELTA - Greece’s Postal Authority are not
subject to Greek capital controls.
“Together with our Agents, we have been working hard to restore
Western Union services fully in Greece. This has been a priority
for us since the commencement of the enforced bank holiday in late
June as we have sought to help our customers in Greece through this
difficult financial time,” said Giovanni Angelini, Senior Vice
President and General Manager for Europe at Western Union.
“Connecting people and their aspirations remains at the heart of
who we are. When money moves around the world, better things can
happen. The reactivation of our out-bound services is a major
outcome for our customers in Greece, and takes us further down the
road towards the full restoration of our services,” he said.
Western Union’s cross-border capability is a rare combination of
a physical and digital network across 200 countries and
territories. Across its brands the company has over 500,000 retail
agent locations across the world – from leading retailers to banks,
more than 100,000 ATMs and kiosks, over 90 active Account Based
Money Transfer banks, bank payout in more than 50 countries and
wu.com sites in 29 countries.
WU-FWU-G
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 Western Union Business Solutions branded payment
services, Western Union provides consumers and businesses with
fast, reliable and convenient ways to send and receive money around
the world, to send payments and to purchase money orders. As of
June 30, 2015, the Western Union, Vigo and Orlandi Valuta branded
services were offered through a combined network of over 500,000
agent locations in 200 countries and territories and over 100,000
ATMs and kiosks. In 2014, The Western Union Company completed 255
million consumer-to-consumer transactions worldwide, moving $85
billion of principal between consumers, and 484 million business
payments. For more information, visit www.westernunion.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150831005436/en/
Western Union Media ContactsAmerica and European
Union:Pia De Lima, +1 954 260 5732Pia.delima@westernunion.com
(US)orEU:Claire Treacy, +44 (0)7808 243
380Claire.Treacy@westernunion.com (UK)
Western Union (NYSE:WU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Western Union (NYSE:WU)
Historical Stock Chart
From Jul 2023 to Jul 2024