The Western Union Company (NYSE: WU), a global leader in payment services expanded its global presence with a new agent signing - HBL Currency Exchange (Pvt) Limited (HBLCE) in Pakistan.
Western Union and HBLCE signed the contract to offer Western Union services at HBLCE branches in Pakistan. In the photo (L-R): Hamid Farid, Regional Director - Pakistan & Afghanistan, Western Union and Waqar Anjum, Chief Executive Officer, HBLCE.
HBLCE is one of the leading exchange companies in Pakistan and 100% owned subsidiary of Pakistan’s largest commercial Bank - Habib Bank Limited. HBLCE has been engaged in the business of dealing in foreign exchange and remittances since 2005.
With this signing, customers in Pakistan will have access to Western Union Money Transfer services via nine branches in Pakistan. HBLCE presence stretches over three branches in Karachi and one each in Lahore, Gujrat, Dina, Islamabad, Rawalpindi and Peshawar. This new relationship signals our continued effort to offer consumers easy access to Western Union services.
Hamid Farid, Regional Director - Pakistan & Afghanistan at Western Union, said, “We are delighted to welcome HBLCE into the Western Union network of agents in Pakistan, reaffirming our continued commitment to consumers. We are proud that our services will be available to more consumers in Pakistan. It offers them more convenient and accessible ways to send and receive money. We would like to leverage the assets of both companies to serve consumers in Pakistan”
Mr. Waqar Anjum, Chief Executive Officer for HBLCE, said, “By adhering to corporate values of transparency and innovation, and a strong branch network, HBLCE aspires to be one of the leading exchange companies in Pakistan. With this signing, customers can now benefit from Western Union’s global network, to send and receive money around the world”
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of March 31, 2015, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks. In 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.westernunion.com.
About HBL Exchange Limited (HBLCE)
“HBL Currency Exchange (HBLCE) is one of the leading model currency exchange company of Pakistan, a fully owned subsidiary of “HBL” the largest schedule bank of Pakistan, carrying the true legacy of trust among its customers. HBLCE provides full range of solutions to match the requirements of its valued clients and focuses on its corporate values, culminating into achievement of its coveted goals with vibrant future as part of the HBL Group.
We have achieved tremendous growth in all aspects of business through leadership, innovation, creativity, modernization into achievement of our desired goals and vibrant future. Our product customization stand at the top of our value system, corporate values, transparency and advancement with strong branch network makes us the pioneer exchange company in Pakistan.”
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