Western Union Expands with Bank Syariah Indonesia
August 19 2021 - 2:59AM
Business Wire
More than 1,400 Bank Syariah Indonesia
Locations Will Offer Western Union Money Transfer Services
Western Union, a global leader in cross-border, cross-currency
money movement and payments, has collaborated with Bank Syariah
Indonesia (BSI), a state-owned Islamic bank in Indonesia, to offer
its services across more BSI locations in the country.
BSI was founded on 1 February 2021 as a result of merger between
state-owned sharia banks which are subsidiaries of larger banks:
BRI Syariah (of Bank Rakyat Indonesia), BNI Syariah (of Bank Negara
Indonesia) and Bank Syariah Mandiri (of Bank Mandiri). Western
Union previously offered its services at more than 650 Bank Syariah
Mandiri locations across Indonesia.
This significant expansion with BSI adds more than 750
additional locations to Western Union’s financial network.
Customers in Indonesia can now seamlessly send and receive money at
more than 1,400 BSI locations in the country, connecting them to
their loved ones in more than 200 countries and territories.
“We are very pleased to expand our relationship with BSI and
offer cross-border remittance services in more locations across the
country,” said K. Premmananth, Head of Singapore, Indonesia and
North Asia, Western Union. “At the heart of what we do at Western
Union is connecting people, allowing them to move money around the
world. With BSI we remain committed to maintaining the widespread
service and working collaboratively to reach more customers
together.”
“BSI is the largest sharia bank in Indonesia and we are pleased
to expand our services with a global leader such as Western Union,”
said Kokok Alun Akbar, Retail Banking Director, BSI. “Previously,
we offered Western Union services at over 650 locations and are now
glad to double the location count. Together we will continue to
evolve the services we offer – working to make it easier, faster
and more convenient for our customers to connect with their
families and loved ones across the world.”
According to World Bank, Indonesia is among the top remittance
recipients in the East Asia and Pacific Region in 2020. Western
Union currently provides its services across more than 20,000 Agent
locations1 across the country.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement and payments. Western
Union’s platform provides seamless cross-border flows and its
leading global financial network bridges more than 200 countries
and territories and over 130 currencies. We connect businesses,
financial institutions, governments, and consumers through one of
the world’s widest reaching networks, accessing billions of bank
accounts, millions of digital wallets and cards, and more than
550,000 retail locations. Western Union connects the world to bring
boundless possibilities within reach. For more information, visit
www.westernunion.com.
About Bank Syariah Indonesia
PT Bank Syariah Indonesia Tbk. (IDX: BRIS) is the largest
Islamic bank and the 7th largest bank in Indonesia with assets of
IDR 240 Trillion. BSI is a state-owned bank formed from the merger
of PT Bank Rakyat Indonesia Syariah (BRIS), Bank Negara Indonesia
Syariah (BNIS) and PT Bank Syariah Mandiri (BSM) effective February
1, 2021. BSI has more than 1300 networks and more than 25 million
customers throughout Indonesia.
For more information, visit www.bankbsi.co.id
1 Network data as of June 30, 2021
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version on businesswire.com: https://www.businesswire.com/news/home/20210818005895/en/
Media Contacts:
Western Union Karen Santos;
Karen.Santos2@westernunion.com
Bank Syariah Indonesia Adi Sukarso;
adi.sukarso@bankbsi.co.id; asukarso@bsm.co.id
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