labels: indian overseas bank, western union financial services, banks & institutions
Strategic alliance between Western Union and Indian Overseas Banknews
Our Banking Bureau
30 December 2004

Western Union, has announced a tie up with Indian Overseas Bank to provide inbound money transfer services across the country at 154 IOB offices. Announcing the tie-up Anil Kapur, regional vice president, South Asia, Western Union said, "Our strategy of teaming up with reputable institutions, such as Indian Overseas Bank, shows that together, Western Union and its agents can offer a reliable money transfer service to Indians abroad."

An international leader in money transfer services, Western Union has entered in to the tie-up through its direct agent in India, Weizmann Forex.

Speaking on the occasion, S C Gupta, chairman and managing director, IOB said, "Our strategic relationships with Western Union and Weizmann Forex, gives us an opportunity to expand our current array of services to serve our customers better. The Western Union Money Transfer service is important for our customers who need to receive money promptly from abroad."

Western Union Financial Services, Inc., a subsidiary of First Data Corp. (NYSE: FDC), is an international leader in consumer money transfer services since 1871. Western Union, famous for its pioneering telegraph service in 1851, and its subsidiary, Orlandi Valuta, together make up one of the world's largest money transfer networks with approximately 202,000 agent locations in more than 195 countries and territories.


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Strategic alliance between Western Union and Indian Overseas Bank