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Western Union, Bank of China tie up

The Western Union Company and Bank of China have joined hands to offer the former’s money transfer services at the bank’s branches throughout mainland China. The services, to be rolled out from January, are expected to allow consumers to receive international remittances at over 10,000 Bank of China locations in provinces and regions throughout mainland China. Jean Claude Farah, president, Middle East, Africa, Asia Pacific, Eastern Europe & CIS, for Western Union said her company looked forward to working with the bank to offer fast, reliable and innovative services to consumers throughout the country. Zhu Shumin, executive vice president of Bank of China, said the cooperation will allow the joint customers to enjoy an even bigger range of remittance products, more convenience and raise our service standards. The two companies plan to allow Bank of China customers to receive remittances directly into their online banking-enabled accounts and at selected self-service kiosks. These services are expected to be introduced in 2015 and are part of Western Union’s omni-channel strategy that bridges the customer retail experience with digital innovation.

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