Western Union and Nouvobanq introduce ‘outbound’ money transfer service in Seychelles |10 May 2010

Nouvobanq is the first bank to provide the Western Union® Money TransferSM service in the Seychelles. The aim is to create value for its customers and provide them access to a fast, reliable and convenient money transfer service across the country.

The Western Union Money Transfer service will be available to both account and non-account holders of the bank. Through the relationship with Western Union, Nouvobanq will be able to reach customers during their normal banking routine.
Residents in the areas where selected Nouvobanq locations are situated will benefit from a convenient, fast and reliable service enabling them to receive and now send money between family and friends around the world. Western Union does not require bank accounts for the use of its services.

“Western Union and Nouvobanq share a commitment to providing their customers high
quality in service and choice,” said Mr A. Saeed, managing director of Nouvobanq. “Our aim is to provide our customers with a wide range of reliable and secure financial services, and our relationship with Western Union gives them access to one of the leading money transfer networks in the world.”

“Nouvobanq is delighted to have a relationship with Western Union in a business that not
only contributes to the growth of the economy but also acts as a link between the community of the Seychelles and other communities around the world,” said Mr Saeed. “With this relationship, many Seychellois will benefit from the services of a worldwide trusted brand with more than 150 years of history.”

Ms Karen Jordaan, Western Union regional director for East and Southern Africa said: “We are very excited that we can now offer the outbound service, together with Nouvobanq, in Seychelles. From now on Seychellois will be able to send money to friends and family around the world in a fast and reliable way.” A list of countries is available at all Nouvobanq locations.

The Nouvobanq is a joint venture between the Seychelles Government and the Standard Chartered Bank and was established in July of 1991. The bank currently operates two retail banking outlets in Mahe and Praslin in Seychelles.

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Custom House branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders.

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