The Western Union Company Completes Acquisition of Servicio Electronico De Pago S.A. (SEPSA).

Pago Facil Brand Expands Western Union's Presence in Global Bill Payments Market

ENGLEWOOD, Colo. -- The Western Union Company (NYSE:WU), a global leader in money transfer services, today announced that it has completed the acquisition of Servicio Electronico De Pago S.A. (SEPSA). Under the brand name Pago Facil, SEPSA is the largest collector and processor of public services cash payments in Argentina.

Through a network of more than 3,300 payment locations, Pago Facil (SEPSA) allows consumers to make cash payments for public services and taxes as well as pre-payment for services such as Internet access and mobile phone top-up. Western Union purchased Pago Facil (SEPSA) from its parent company, Sideco Americana, which in turn was founded by Groupo Macri. Financial terms of the transaction were not disclosed.

"Western Union has long provided consumers with convenience, speed, choice and value for their money transfer and bill payment needs," said Christina Gold, President and Chief Executive Officer, The Western Union Company. "The addition of Pago Facil extends Western Union's bill payment capabilities throughout Argentina, adding a well-recognized brand name that stands for trust and value. Western Union is proud to welcome Pago Facil (SEPSA) and its employees to the Western Union family."

The acquisition of Pago Facil (SEPSA) by Western Union represents the culmination of a strong and lengthy relationship between the two companies. Since Pago Facil's founding in 1993, Western Union has been a shareholder, holding a 25 percent interest in the company. Although Pago Facil now becomes a wholly owned division of Western Union, the company will continue to operate under the Pago Facil name and under the leadership of its existing management team.

"Today marks an important step in the future of Pago Facil (SEPSA)," said Franco Macri, President, SOCMA Group. "Western Union's global presence and experience in both the bill payment and money transfer markets will allow Pago Facil (SEPSA) to continue to expand its horizons. I know that Western Union is committed to building on the existing experience and success of Pago Facil and to expanding its presence within Argentina."

Violy & Company, served as the strategic and financial advisor to Western Union for the transaction.

About Western Union

The Western Union Company (NYSE:WU) is a leader in global money transfer services. Together with its affiliates, Orlandi Valuta and Vigo, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. It operates through a network of approximately 285,000 Agent locations in over 200 countries and territories. Famous for its pioneering telegraph services, the original Western Union dates back to 1851. For more information, visit www.westernunion.com.

About Sideco Americana

Sideco is a diversified holding, mainly composed by local capital and with regional and international projection, which contributed to the development of Argentina and Latin American countries in general. Sideco was founded and established in 1951.

As part of its exemplary track record, the Group has developed initiatives related to industrial engineering, civil infrastructure, mining exploration, real estate development, energy freight and generation, industrial trash processing and environmental care, concession of routes and highways, the automobile industry and services in general, in various countries of South America, Europe, U.S. and most recently China.

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