DENVER, April 16 /PRNewswire/ -- First Data Corp. (NYSE: FDC), a global
leader in electronic commerce and payment services, today announced that its
Western Union Financial Services subsidiary has recently signed a multi-year
contract with Bank Rakyat Indonesia (BRI). BRI will offer Western Union Money
Transfer services in up to 1000 locations by the end of 2002. The addition of
BRI will bring Western Union's total number of agent locations in Indonesia to
more than 1400.
A specialist in Micro Banking, BRI serves millions of customers, including
a large population of overseas contract workers residing in the country's
rural regions. Many of the 1000 locations that will offer Western Union
services are located in rural areas, allowing BRI to offer convenient money
transfer services to these migrant workers. In addition, the expanded
availability of Western Union services will aid Indonesian expatriates in
Europe, the Middle East and Asia, who continue to send funds to loved ones
back home.
"With some of the largest migrant populations in the world and increasing
demand for quick, reliable money transfer services, Asia offers Western Union
some of its greatest growth potential," said William Thomas, president,
Western Union International. "Our relationships with Bank Rakyat Indonesia
and 35 other significant banking establishments, such as the Agricultural Bank
of China, demonstrate that Western Union is fast becoming a partner of choice
to the Asian banking community and to Asian consumers around the world."
"BRI recognizes the desire for quick, reliable money transfer services
among its customers," said Wayan Alit Antara, managing director, Bank Rakyat
Indonesia. "Teaming with Western Union allows us to provide the services our
customers need, thus furthering our goal of supporting economic development
throughout Indonesia, serving the entire society."
About Western Union Financial Services, Inc. and First Data
Western Union Financial Services, Inc., a subsidiary of First Data Corp.
(NYSE: FDC), is an international leader in consumer money transfer services.
Consumers can quickly, safely and reliably pay bills and transfer money around
the globe using the company's proprietary money transfer network. Western
Union and its subsidiary, Orlandi Valuta, together make up one of the world's
largest money transfer networks with a total of approximately 124,000 agent
locations in more than 185 countries and territories. Famous for its
pioneering telegraph service, the original Western Union dates back to 1851
and introduced electronic money transfer service in 1871. For more
information, please visit the company's Web site at http://www.westernunion.com .
First Data Corp., with global headquarters in Denver, helps power the
global economy. Serving approximately 2.8 million merchant locations,
1,400 card issuers and millions of consumers, First Data makes it easy, fast
and secure for people and businesses to buy goods and services, using
virtually any form of payment: credit, debit, smart card, stored-value card or
check at the point-of-sale, over the Internet or by money transfer. For more
information, please visit the company's Web site at http://www.firstdata.com .
SOURCE Western Union Financial Services, Inc.
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Related links:
http://www.westernunion.com
http://www.firstdata.com
Company News On-Call:
http://www.prnewswire.com/comp/138116.html
http://www.prnewswire.com/comp/103364.html
CONTACT:
Wendy Carver-Herbert of Western Union
Financial Services, Inc., +1-303-967-6416,
wendy.carver@firstdatacorp.com
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