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Western Union signs four regional city banks in China

Wednesday 24 February 2010 09:26 CET | News

Global payment services company Western Union has signed agreements with four regional Chinese commercial banks, extending Western Union’s network reach to the north-eastern, southern and eastern regions of China.

Western Union has signed agreements to offer Western Union Money Transfer services with Bank of Jilin and Bank of Harbin in the north-eastern region of China. Western Union also has signed agreements with Fujian Haixia Bank in the southern region and Zhejiang Chouzhou Commercial Bank in the eastern region of China.

In the international money-transfer business, the Bank of Jilin specializes in servicing customers based in Korea, North America and Europe; Bank of Harbin covers Russia, Korea and Japan; Fujian Haixia Bank serves the U.S. and Japan; and Zhejiang Chouzhou Commercial Bank covers Europe and the Middle East.
These new agent banks join other current Western Union bank agents The Postal Savings Bank of China, The Agricultural Bank of China and China Everbright Bank.

In 2009, The Western Union Company completed 196 million consumer-to-consumer transactions worldwide, moving USD 71 billion between consumers and 415 million business payments.


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Keywords: Western Union, regional city bank, China, Bank of Jilin, Bank of Harbin, Fujian Haixia Bank, Zhejiang Chouzhou Commercial Bank
Categories: Payments & Commerce
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