Enters into New Money Transfer Agreement with Banco Ahorro Famsa to Offer Western Union, Vigo and Orlandi Valuta
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- The Western Union Company (NYSE: WU), a leader in global payment services and Banco Ahorro Famsa, today announced an agreement to offer the Western Union® global money transfer service across 300 Banco Ahorro Famsa locations in Mexico starting November.
Banco Ahorro Famsa also will offer consumers Vigo and Orlandi Valuta services.
“It is a great honor for GRUPO FAMSA to work with Western Union. Our company will now offer Western Union Money Transfers – providing consumers, who send money to Mexico, with a new practical payout option that brings families closer,” said Enrique Canseco, commercial director, Banco Ahorro Famsa.
Founded more than 40 years ago and based in Monterrey, Nuevo Leon, Mexico, GRUPO FAMSA offers financial services that include money, mortgage loans, credit cards and investments, among other services.
“As a leader in global payment services, Western Union is open for business in Mexico and we continue to diversify and grow our Agent network to provide consumers with fast, reliable and convenient money transfer services,” said Luis Felipe Rodríguez, vice president and general manager Mexico, Western Union.
"Mexico is a strategic market for the company. Our expanding global money movement network provides consumers more ways to move money quickly to more destinations worldwide. We see a great opportunity to expand in Mexico through existing and new Agent relationships such as Banco Ahorro Famsa – allowing us to serve customers better and faster through our world-class brand, and the exceptional customer experience Western Union is known for around the globe.”
Over the last century Western Union has remained committed to the Mexico market, providing dependable financial services. Today, Western Union, VigoSM and Orlandi Valuta® services are offered in Mexico through a strategically combined Agent network that include banks, national retail chains and independent locations.
The Western Union Company, through its Western Union, Orlandi Valuta and Vigo branded services, connects consumers in Mexico to more than 510,000 Agent locations across 200 countries and territories. For more information on our network and services in Mexico, please contact: Ignacio Morales Canales at 011 5255 3067 6343.
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 June 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. For more information, visit www.westernunion.com.
About GRUPO FAMSA
GRUPO FAMSA was founded more than 40 years ago, in the city of Monterrey. Today it is one of the leading companies selling products and services on credit, with 300 branches across Mexico. Seeking international expansion, we opened our first store to the American market in January 2001. We became a public company in 2006, starting operations in the Mexican Stock Exchange market, gaining a great demand for its stocks by Mexican and foreign investors. In 2007, the Banco Ahorro Famsa (our company bank) began its operations with over 280 branch offices to provide our customers with more services, and create synergies that drive the operating and financial performance of Grupo Famsa. We currently have 300 stores in Mexico, endorsing our commitment to offer our customers an excellent service, best brands, and best prices, in order to maintain their trust and preference. For more information, 1 886 883 2672 or visit www.famsa.com or www.famsa.us.
Daniel Diaz, +1 720-332-5564
Source: Western Union