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Western Union starts to offer payout of money transfers in Manats

19 November 2010 09:00 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Western Union (NYSE: WU), a leader in global payments services, starts to offer money transfer payout in the national currency in Azerbaijan starting from October 1, 2010. The new service will allow customers to save both time and money spent on exchange operations when picking up funds sent from abroad.
â€œThe new service is developed based on our customersâ€™ feedback and is aimed at making money transfer payout most convenient for our customers. Now Western Union money transfers can be paid out both in US dollars and Manats, thus creating additional comfort for our customers in Azerbaijanâ€, â€“ says Jonathan Knaus, Regional Vice-President for Western Union in Eastern Europe and CIS.

Western Union is the first company in Azerbaijan offering this service to its consumers. Money transfer payout in the national currency will not only simplify the process of picking up funds, but also help to attract new customers.

Western Union offers customers a quick, reliable and convenient way to send and receive money without opening a bank account within minutes . One of the advantages is that money can be collected at any Western Union Agent location within the destination country. Together with its Vigo and Orlandi Valuta branded money transfer services, Western Union manages on the of the widest money transfer networks in the world comprising over 435, 000 locations in more than 200 countries and territories.