Western Union expands into the Philippines’ bank channel

Offers international Direct-to-Bank money transfer in minutes to over 40 banks in the Philippines

MANILA, PHILIPPINES – The Western Union Company (NYSE:WU), a leader in global payment services, today significantly expanded into the Philippines’s bank channel paving the way for international Direct-to-Bank remittances in minutes to over 40 banks in the Philippines from nine countries.

Western Union consumers in nine countries – including Australia, Hong Kong, Singapore, New Zealand, Canada, France, Italy, Norway and United Kingdom – can now send Direct-to-Bank money transfers from select Western Union Agent locations to 59 banks including majority of the top banks in the Philippines. Money sent to 49 of these banks will be credited into the bank accounts in minutes.  For the remaining 10 banks, it will be within one to three working days.

Patricia Riingen, Senior Vice President, East & South Asia, Western Union, said: “The Western Union Direct-to-Bank service is aimed at servicing our consumers with a preference to receive funds directly into bank accounts. Our global vision is about offering choice to our consumers immaterial of their channel preference. Therefore, strengthening our retail channel as well as making major in-roads into the banking channel is about serving an even bigger consumer base, delivering on our service hallmarks of reliability, speed and convenience and continuing to enhance our overall brand loyalty.”

According to The World Bank, remittances to the Philippines exceeded US$24 billion in 2012, making the country the third largest remittance recipient in the world.

To send money directly to a bank account via Western Union, consumers simply need the recipient’s full name, the name of the recipient’s bank and the recipient’s bank account number.

For more information on Western Union, please visit www.westernunion.com

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, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 515,000 agent locations in 200 countries and territories and approximately 115,000 ATMs. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.

Service and funds availability depends on certain factors including the Service selected, the selection of delayed delivery options, amount sent, destination country, currency availability, regulatory issues, consumer protection issues, identification requirements, delivery restrictions, agent location hours, differences in time zones (collectively, “Restrictions”).