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Western Union announces a strategic relationship with Bank Al Bilad
- Saudi Arabia: Sunday, February 19 - 2006 at 12:13
- PRESS RELEASE
Western Union Financial Services Inc., a global leader in money transfer services, today announced a strategic relationship with Bank Al Bilad of Saudi Arabia to provide money transfer services to its customers in Saudi Arabia.
" Western Union prides itself in helping people get closer to the ones they love. Saudi Arabia has a sizable expatriate population and we are sure that this new relationship with a trusted name like Bank Al Bilad will help us extend our services to a new group of people who are looking for a reliable way to transfer money to over 217,000 Agent locations in 200 countries and territories worldwide." he said.
Commenting on the recent signing, Mr. Abdullah Almadhi, General Manager Enjaz Banking Services - Bank Al Bilad said: " Bank Al Bilad is the newest financial institution in the Kingdom with the largest remittance branch network (Enjaz), and entering into an agreement with Western Union has been the natural choice to provide fast, reliable and secure money transfer services to our customers. Today, we are proud to offer the Western Union service across all our Enjaz branches, and we hope to expand this further in the coming months. Bank Al Bilad joining forces with Western Union shows our commitment towards our valued customers, be it expatriates or nationals, and will provide a vital link to those who seek to transfer funds to friends, family and loved ones within the kingdom and around the world.
Almadhi further added: "Bank Al Bilad has been built on the solid foundations of trust and service commitment. Through Western Union, we have not only found the ideal service provider for quick money transfers, but also an organization that holds to the same principles and values as we do," he said.
Bank Al Bilad is the second Western Union Representative in Saudi Arabia after SAMBA Financial Group. This new agreement ensures that the total number of Western Union Agent locations in Saudi Arabia now stands at over 90.
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About Western Union and First DataFirst Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide. Serving 4.6 million merchant locations, 1,500 card issuers and millions of consumers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company's portfolio of services and solutions includes credit, debit, private-label, smart and stored-value card issuing and merchant transaction processing services; money transfer services; money orders; fraud protection and authentication solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. Western Union and its subsidiary, Orlandi Valuta, together make up one of the world's largest money transfer networks with approximately 271,000 Agent locations in more than 200 countries and territories. The company's STAR Network offers PIN-secured debit acceptance at approximately 1.9 million ATM and retail locations. For more information, visit www.firstdata.com.
For further press information please contact
Khalil Majdalawi
Tamra C2 PR
Tel: (971) 4 2951177
Fax: (971) 42951188
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