MIAMI - (Business Wire) Western Union, a leading provider of global money-transfer services, renewed its Agent contract with Banco do Brasil last week. Western Union's Agent relationship with Banco do Brasil dates back to 1997, when the company first launched operations here.
"As our company continues its aggressive global expansion, both organically and through profitable acquisitions, it is extremely important that we preserve the strong relationships we have with our existing Agents throughout the world," said Odilon Almeida, senior vice president and managing director for Western Union's South America region. "We are very proud of our association with such a prestigious organization as Banco do Brasil -- the largest financial institution in the country, with an enviable track record of nearly 200 years.”
Through this renewed five-year contract, Western Union maintains a solid network of 5,400 Banco do Brasil Agent locations throughout the country, retaining its powerful reach and presence throughout Brazil.
Renewal of the contract underscores Western Union’s excellent relationship with Banco do Brasil over the past decade, and highlights the emergent opportunities of the international money transfer business in Brazil.
About Western Union
Western Union (NYSE:WU), together with its affiliates Orlandi Valuta and Vigo, is a leading provider of global money-transfer services, providing people with fast, reliable and convenient ways to send money around the world, pay bills and purchase money orders through a network of more than 345,000 Agent locations in over 200 countries and territories. For more information, visit www.westernunion.com.
About Banco do Brasil
Banco do Brasil is the largest financial institution in Brazil. It has 26 million clients, locations in 3,200 Brazilian towns and 24 countries, and 39,000 ATMs. The Banco do Brasil conglomerate is comprised of 15 controlled companies and a closed supplementary private social security institution. It is nearly 200 years old.
WU-G
Western Union
Raul Duany, 954-837-4601
raul.duany@westernunion.com
