Western Union joined with State Bank of Patiala

Date: Saturday, August 28, 2004

Western Union, a global company offering money transfer services, has tied up with State Bank of Patiala, through its authorised agent Paul Merchants Limited to provide money trasfer services across the country. The new service will be available at State Bank of Patiala's 25 banking offices across 25 cities in Punjab, in the first phase.

State Bank of Patiala has a total of 730 branches and hopes to provide the Western Union Money Transfer service in further branches over the next few months, strengthening Western Union's efforts to provide fast and reliable money transfer services for Indians sending money home.

Anil Kapur, senior director, South Asia, Western Union said, 'India is an important destination for money transfers and our relationship with State Bank of Patiala holds a lot of significance for us. At Western Union we work to provide a convenient way for our customers to send money to their friends and relatives in India. State Bank of Patiala, with its reach across the country, will help more people to benefit from Western Union's quick, convenient and reliable money transfer service.

N B Mathur, vice-president, forex, Paul Merchants Limited, said, 'we have had tremendous success in the market as an agent for Western Union. Now, with the announcement of our strategic relationship with State Bank of Patiala, we can further strengthen our reach across all our key markets, helping our overseas customers to send money to their loved ones in India. Western Union's global reach combined with our local reach will help our overseas customers to remit money to their loved ones in India with peace of mind.

R P Tayal, DGM, Jalandhar zone, State Bank of Patiala, said, 'Through its relationship with Western Union, State Bank of Patiala enables its customers to easily access the Western Union Money Transfer service which allows them to receive money from their near and dear ones living abroad quickly and safely, through a reputable organisation.

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