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MENAFN Press - 26/11/2012

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(MENAFN Press) Abu Dhabi, United Arab Emirates - Monday, November 26th 2012

UAE Exchange, a leading remittance and foreign exchange brand with a presence in five continents, has strengthened its ties with Western Union, a leader in global payments services to extend joint operations in Morocco. UAE Exchange is already a leading agent for Western Union in the Middle East.

Speaking on the occasion Mr. Y. Sudhir Kumar Shetty, COO “ Global Operations, UAE Exchange, said, "Our relationship with Western Union is strong and dates back several years. We are glad to extend the experience, expertise and convenience gained over the years to benefit our mutual customers in Morocco. This further adds to our vision of bringing more value to the beneficiaries of our customers. Both brands bring the best of integrity and quality to the table, which is good for the beneficiaries of our Moroccan customers."

Aida Diarra, Senior Vice President, North, West and Central Africa at Western Union, added, "We are happy to be building on our long-standing relationship with UAE Exchange and extending the benefits of our combined strengths to consumers here in Morocco. Our focus has consistently been on increasing access whilst maintaining service excellence and we are confident that this is a goal we share with UAE Exchange. In the past 17 years, we have built a network of over 6,200 Agent locations, spanning Morocco, even reaching remote areas with mobile units through which our contribution to financial inclusion has been unparalleled.

The aim of being the trusted neighbourhood brand has motivated UAE Exchange to build the world's largest network in its class with over 650 direct offices in 30 countries across five continents in a span of over three decades. During that period, the brand has earned the trust of over 4 million customers worldwide by offering them a wide range of financial services under one roof. They consider UAE Exchange a true financial supermarket. This penchant to bring the best to customers has won UAE Exchange many global awards alongside recognition as a universally trusted money transfer provider. As a leader in global payment services, Western Union is a firmly established industry leader on the African continent with a unique Agent network of over 26,000 locations spanning more than 50 African markets.

The event announcing the tie up was attended by senior officials of UAE Exchange and Western Union along with special invitees and the Media.


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 September 30, 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 510,000 agent locations in 200 countries and territories. In 2011, The Western Union Company completed 226 million consumer-to-consumer transactions worldwide, moving 81 billion of principal between consumers, and 425 million business payments.About UAE ExchangeUAE Exchange is a leading global remittance and foreign exchange brand, with over 650 direct offices in 30 countries across five continents. With correspondent banking relationship with more than 150 global banks, and associations with leading global brands, UAE Exchange provides unmatched service to over 4 million customers, worldwide. The 32 year old global money transferrer provides the widest range of services under one roof, earning the epitaph of a true financial supermarket. Its penchant for quality has earned not only various awards and recognitions including ISO and Superbrand status four times in a row, but also the trust of customers, partners and regulators. Thus emerging into the World's Trusted Money Transferrer.For more information log on to www.uaeexchange.com or http://blog.uaeexchange.com

 






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