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Farmacias Guadalajara Now Offering Western Union Money Transfer Services in 450 Locations in Mexico.

ENGLEWOOD, Colo. -- The Western Union Company (NYSE:WU), a global leader in money-transfer services, and Citibank (Banamex USA) today announced that 450 Farmacias Guadalajara locations throughout Mexico recently began offering Western Union consumer money-transfer services.

Banamex offers Western Union services at more than 4,500 locations throughout Mexico through its own branches, Banamex Aqui Correspondents and other partners. Banamex, a unit of Citigroup, has served as an Agent for Western Union and Orlandi Valuta in Mexico since 2001. In late 2006, Banamex extended its service offerings to include Vigo.

Farmacias Guadalajara, the newest member of the Banamex Aqui Correspondent network, was founded in Guadalajara, Jalisco, in 1942. The "Super Pharmacy" chain expanded over the years with additional locations, services, products and extended hours. The chain, which has nearly 500 locations in 113 cities in 18 states in Mexico, now offers consumers the option to receive Western Union, Vigo and Orlandi Valuta money transfers 24 hours a day, seven days a week.

"We are pleased to announce the addition of Farmacias Guadalajara to our network of agents," said Salvador Villar, CEO of Citibank (Banamex USA). "Now, in addition to shopping for everyday items, our customers can enjoy the convenience of receiving funds 24 hours a day, seven days a week."

"Since 2001, our successful cooperation with Banamex has provided consumers in Mexico with convenient and reliable ways to receive money transfers from friends and family living and working in the United States," said Christina Gold, President and Chief Executive Officer of The Western Union Company. "Now, with the addition of 450 additional Agent locations to receive these funds sent through Western Union, Orlandi Valuta and Vigo, customers will have an even greater level of choice and value for their money-transfer needs."

About Western Union

Western Union, 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 approximately 300,000 Agent locations in over 200 countries and territories. For more information, visit www.westernunion.com.

About Banamex

Banamex Financial Group, founded in 1884, is a member of Citigroup Inc. and is the leading financial group in Mexico. The group has an outstanding position in Mexico's financial markets through its affiliates, which includes deposits, consumer finance, investment management for investment partnerships and retirement funds, insurance banking, pensions, and stock market brokerage. The group has an extensive distribution network of over 1,450 branches and 5,114 automatic teller machines located throughout Mexico. For more information, visit www.banamex.com.

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Publication:Business Wire
Article Type:Company overview
Date:Feb 22, 2007
Words:438
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