Western Union Launches 50,000th Agent Location in India

Mon Jan 7, 2008 5:34pm EST

* Reuters is not responsible for the content in this press release.

NEW DELHI, India--(Business Wire)--The Western Union Company (NYSE: WU), a worldwide leader in money
transfer services, today announced the opening of its 50,000th Agent
location in India at the State Bank of India branch in Gurgaon,
Haryana. To mark the occasion, Hikmet Ersek, EVP and MD, Western Union
Europe, Middle East, Africa and South Asia (EMEASA), joined Gautam
Kanjilal, Chief General Manager (Delhi), State Bank of India, for a
special inauguration ceremony.

   Western Union, together with its affiliates, Orlandi Valuta and
Vigo, is a leading provider of global money-transfer services.
Consumer demand for Western Union services has grown due to a rise in
long-term global migration trends, which have resulted in increasing
cross-border remittances. India is one of the world's largest
receivers of remittances with more than 26.9 USD billion remitted into
India in 2006-2007, according to the Reserve Bank of India.

   "India offers immense growth potential in the money-transfer
business, and with the launch of the 50,000th location we re-emphasize
our commitment to our customers in the country," Hikmet Ersek said.
"Money transfer is a very unique way of participating in the growth
and development of a nation, especially in India where Indian Diaspora
income is regularly channeled back into the country. Together with our
Agents we aim to contribute to the development of the country by
delivering fast and reliable money-transfer services to our customers.

   Gautam Kanjilal, Chief General Manager (Delhi), SBI, said, "We
highly value our relationship with Western Union and look forward to
delivering even better services to our customers by working closely

   Speaking at the inauguration event, Anil Kapur, MD-South Asia,
Western Union Services India Private Limited, said: "Western Union is
expanding its services in India by increasing our reach as well as
adding value to our service offerings. In November 2007, we announced
a pilot Mobile Money Transfer Project in association with Bharti

   Western Union has 50,000 Agent locations in India spanning over
5,000 cities, towns and villages. This includes more than 8,500 post
offices and more than 14,000 branches of leading banks.

   About Western Union

   The Western Union Company (NYSE: WU) is a leading provider of
global money-transfer services. Together with its affiliates, Orlandi
Valuta and Vigo, Western Union provides consumers with fast, reliable
and convenient ways to send and receive money around the world, as
well as send payments and purchase money orders. It operates through a
network of approximately 320,000 Agent locations in more than 200
countries and territories. For more information, visit


The Western Union Company
Sherry Johnson, 720-332-4750

Copyright Business Wire 2008