The Western Union Company (NYSE:WU), a leader in global money-transfer services, announced today that it will offer money transfer through internet banking for the first time in Asia Pacific in cooperation with Malaysia's CIMB Bank.
The new service is in line with the company's strategy to expand distribution channels and access new customers. CIMB Bank will now become the second bank after Canada's Scotia Bank to offer Western Union Money Transfer on its online banking platform.
Sunil Balagopal, Regional Vice President, Southeast Asia, The Western Union Company, said: "Western Union is committed to being where our customers need us to be and available when they need us. Increasingly, Malaysians are part of a global world with family and friends living, working and traveling away from home. This is a welcome convenience for busy individuals as they can send cash anytime without the hassle of visiting a bank branch during office hours."
Peter England, Head of Retail Banking, CIMB Bank, said: "We are delighted to have Western Union as part of our CIMB Clicks online service provider. This is part of the Bank's value-added service to offer a diversified, seamless and safe- banking experience to customers remitting monies overseas. CIMB Clicks is fast, and enables customers to perform banking transactions in a secure and reliable environment. The Western Union online service further enhances our wide range of online banking services encompassing bill payments, fund transfers and handphone reloads, just to name a few.."
The new service will enable CIMB Clicks users to send cash anytime, anywhere with secure online access. Within minutes, recipients will be able to pick up the cash at any of the 355,000* Western Union agent locations in over 200 countries and territories.