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Western Union launches Western Union Business Solutions in UAE through Emirates International Exchange.

M2 EQUITYBITES-July 4, 2011-Western Union launches Western Union Business Solutions in UAE through Emirates International Exchange(C)2011 M2 COMMUNICATIONS http://www.m2.com

Payment services services company Western Union (NYSE:WU) said on Friday that it has launched its international business payments service, Western Union Business Solutions, in the UAE.

In an extension of its relationship with Emirates International Exchange, under a five-year service agreement between the two organisations, Western Union is entering into a new customer segment for the first time in the Middle East.

Western Union Business Solutions provides cross-border business payments and foreign-exchange solutions to small- and medium-sized enterprises (SMEs).

According to Western Union the global cross-border SME payments market is estimated to be similar in size to the consumer cross-border remittance market, with estimated global revenues of approximately USD24bn.

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Publication:M2 EquityBites (EQB)
Date:Jul 4, 2011
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