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BEIJING, Nov. 17, 2016 /PRNewswire/ -- The Western Union Company, a leader in global payment services, today announced additional enrollment of over 6,700 Bank of China (BOC) locations into its retail network. BOC customers can now access Western Union® services in more than 10,000 BOC locations across all provinces in China.
The relationship between Western Union and BOC started in 2014, and has experienced a rapid expansion. BOC customers now have access to Western Union's international money transfer service 24 hours a day to send or receive money at over 10,000 BOC locations, their online banking, or through self-service machines.
This expansion positions BOC as one of the largest Agent banks of Western Union in China and increases the company's number of China retail network locations to more than 36,000^.
Chris Cruzado, Regional Vice President, North Asia, Oceania and Indo-China, for Western Union said, "This location expansion is not only a remarkable milestone for our collaboration with Bank of China but also serves as a key contributor to further strengthen our leading position in China's cross-border money transfer market. We are excited to be able to better service this market through our expanded collaboration with Agent organizations, such as Bank of China, to enable more consumers to enjoy our fast, reliable and convenient international money transfer service throughout the country."
^Network Data as of September 30, 2016.
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 September 30, 2016, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 Agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to billions of accounts. In 2015, The Western Union Company completed 262 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 508 million business payments. For more information, visit www.westernunion.com.
About Bank of China
Bank of China is the country's most international and diversified bank, providing a comprehensive range of financial services and competitive expertise in foreign exchange operations with extensive branches overseas to customers across the Chinese mainland as well as 47 countries and regions. Benefitting from its global network and foreign exchange expertise, Bank of China continually pursues advancement and innovation based on prudent operations and has achieved a leading position in the Chinese financial industry. In particular, its competitive strength and good standing in international settlements and foreign exchange operations has being widely recognized and praised within the industry and by customers. In 2015, Bank of China was designated again as a Global Systemically Important Bank, becoming the sole financial institution from emerging economies to be designated as a Global Systemically Important Bank for five consecutive years.
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