Western Union partners with Malaysian firm

Date: Wednesday, August 18, 2004

In a tie-up, Western Union Financial Services, Inc, a money transfer services major, is offering its services to Pos Malaysia Berhad customers.

This strategic relationship will result in providing a fast, reliable and more convenient way for Pos Malaysia Berhad customers in Malaysia to send and receive money worldwide. Western Union, in co-operation with major institutions worldwide, offers an electronic money transfer service with a network of over 1.70 lakh locations in more than 190 countries and territories.

Having expanded the reach of this valuable service further into Malaysia, Pos Malaysia Berhad and Western Union will begin offering the money transfer service in 30 selected outlets across Malaysia . Plans are afoot for the addition of more than 170 locations by the end of 2004 with expansion to an additional 200 locations expected in 2005.

Dato' Ikmal Hijaz Hashim, managing director and chief executive officer, Pos Malaysia Berhad,'Via the new strategic relationship with Western Union, the company can now offer its customers a fast way to send and receive money through selected outlets nationwide'.

'In addition, this strategic relationship will also give Pos Malaysia Berhad a competitive edge as we further expand our strategic business unit, PosNiaga, and continue to explore ways to enhance the services we offer to our customers', he added.

Sunil Balagopal, vice president of Marketing for Asia Pacific said,'every year millions of people trust Western Union when sending and receiving money internationally and now this service is available in your local participating Malaysia Post outlets. Together we understand the importance of providing a service that is built on convenience, reliability and speed. These are the cornerstones of our service offering and the reason why our customers choose Western Union to transfer money'. For more information can be had from the company's website at www.westernunion.com.

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