The Western Union Company (NYSE: WU), a leader in global payment services, has announced that China Construction Bank (CCB) has commenced offering Western Union® Money TransferSM services in China, enabling its consumers to connect to more than 200 countries and territories around the world to meet their international money transfers needs.
CCB now offers Western Union Money Transfer Services through Bank branches which has also helped Western Union’s Agent location network in China reach its 33,0001 milestone. CCB also gives consumers the choice to opt for USD, euro or RMB currency payout.
“We are very pleased to join hands with CCB. This significant relationship fits very well with our company’s strategy – expanding our network to better serve our consumers,” said Drina Yue, Managing Director and Senior Vice President of Western Union Asia Pacific.
“With inclusion of CCB’s network, Western Union reaches another great record - offering our services through more than 33,0001 Agent locations in China. This milestone helps to further strengthen our leadership position in every province across China.” said Yue.
“Through the relationship with Western Union, a global leader in money transfer services, CCB is not only expanding our product portfolio but also providing more choices for consumers in order to meet a variety of international money movement requirements. The combination of Western Union’s expansive global network and CCB’s local vantage offers real convenience to our consumers,” said the head of Personal Saving and Investment, China Construction Bank.
For more than 17 years, Western Union has remained committed to the China market, providing a dependable financial lifeline between consumers and their family members overseas through a fast, reliable and convenient money-transfer service.
Network data as of 31 March 2012.