Western Union announced the inking of an agreement to provide, for the first time, money transfer services to consumers in Angola. The deal, with the Angola Post Office, will be facilitating connectivity across the country, keeping its services relevant for years to come.
According to a study by the Universal Postal Union (UPU), more than 80% of post offices in Sub-Saharan Africa are located outside the three largest cities in each country, where 82.5% of the population is concentrated -providing unique outreach to unbanked citizens and migrants.
Earlier this month, Western Union extended its exclusive agreement with Eurogiro, with scope to allow its members greater access to the full range of Western Union Money Transfer services including digital offerings. Eurogiro is a global payment network for national postal organizations, post banks, commercial banks and other payment service providers.
Last month, Ivory Coast consumers who use the MTN service can now receive a Western Union money transfer transaction directly on their mobile phones. MTN has more than 7.5 million customers in the country.
At mid-year 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. In 2013, The Western Union Company completed 242 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 459 million business payments.
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