Western Union® launches domestic money transfer service in Yemen

Published April 27th, 2006 - 12:31 GMT

Western Union Financial Services Inc., a worldwide leader in money transfer services, today announced the launch of domestic money transfer services in Yemen. With more than 180 Agent locations at key locations across the country, people can now send and receive money to and from family, friends and businesses within the country in minutes* via the Western Union Money Transfer® service.

Transfer fees start from US$5 for transactions up to US$1,000 and US$8 for transaction between US$1,000 and US$2,000*.


“We have already successfully introduced the domestic service in the United Arab Emirates, Lebanon, Jordan, Oman and the Kingdom of Saudi Arabia which has proved hugely beneficial to both nationals and expatriates alike” said Mr. Jean Claude Farah, Regional Vice President of Western Union for Middle East, Pakistan and Afghanistan.

“The Yemeni financial market is witnessing a lot of positive changes and we will now be able to extend the money transfer service to a large number of people across Yemen.” Farah added.

Marc Aubry, Marketing Director for Middle East, Pakistan and Afghanistan for Western Union commented: “This new addition to the Western Union Money Transfer® service will positively impact the way customers stay in contact with each other.  By providing a quick, secure and convenient way to send and receive funds within the country, customers can dramatically cut the time needed to transfer money – which is equally important when it comes to meeting urgent needs or addressing an emergency.”

*In addition to transfer fees, Western Union also makes money when it changes your money into foreign currency.

About First Data and Western Union
First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide. Serving 4.6 million merchant locations, 1,600 card issuers and millions of consumers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company's portfolio of services and solutions includes credit, debit, private-label, gift and other prepaid card issuing and merchant transaction processing services; money transfer services; money orders; fraud protection and authentication solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. Western Union, Vigo and Orlandi Valuta together make up one of the world's largest money transfer networks with approximately 274,000 Agent locations in more than 200 countries and territories. The company's STAR Network offers PIN-secured debit acceptance at 1.9 million ATM and retail locations. For more information, visit www.firstdata.com.

 


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