Western Union Company (NYSE:WU), a leader in global payment services, today announced the launch of their money transfer services in Swaziland. Western Union is serving more than 50 countries and territories on the African continent.
Western Union in collaboration with Interchange, a leading foreign exchange service provider, will offer cash-to-cash services out of its Swaziland branch in the capital Mbabane with additional outlets to be rolled out in Manzini.
The launch of Western Union money transfer services in Swaziland coincides with the celebration of the 20th anniversary of Western Union's presence in Africa. It highlights the growth of the company's Agent network on the continent to reach more than 34,000 Agent locations.(1)
Richard Malcolm, Western Union Regional Vice President for South and East Africa, said "We are pleased to offer Western Union services in Swaziland - a vibrant and growing market that plays an important role in the economic development of the broader region. We welcome the addition of our agent Interchange to our global network."
"According to IMF(2), Swaziland's economic performance has improved since the fiscal crisis of 2010-11, and business confidence has started to show signs of improvement. Formal money transfer services such as Western Union's will contribute to rebuilding of the economy by providing customers with a reliable and convenient way to transfer money in minutes," Malcolm continues.
The extension of Money Transfer services to Swaziland is a key milestone in Western Union's commitment to the expansion and development of its pan-African network which provides a critical link to the ever growing African Diaspora living and working around the world. The Western Union offering will enable funds transfers to and from Swaziland through its global network of over 500, 000 Agent locations in 200 countries and territories around the world.
(1) Western Union Agent location count data valid as of 31 March 2015
(2) IMF Executive Board 2014 Article IV Consultation with Swaziland