Western Union Expands Network in Turkey by Signing a Major New Agent, Yapi Kredi

The Western Union Company (NYSE: WU) announced today that it has signed an agreement with Yapi Kredi, a top retail, private and commercial bank in Turkey. Western Union national and international money-transfer services are now offered at 830 Yapi Kredi branches throughout Turkey.

The agreement with Yapi Kredi represents an excellent opportunity for Western Union to expand its distribution network in Turkey, which currently consists of more than 4,700 locations in 81 cities, and potentially target Yapı Kredi’s 6 million-strong customer base.

Jan Hillered, Senior Vice President, Europe & CIS at Western Union, said, “I am delighted to announce the agreement with YKB. Western Union has a strong network in Turkey, which covers the entire country and consists of many top banks, as well as the post office. YKB is an excellent addition to this network as it has a powerful retail franchise and a well-recognised brand. Offering the Western Union® Money Transfer service at 830 YKB branches will mean enhanced service and convenience for our customers, as well as the opportunity to expand our customer base and leverage our brand name in Turkey.”

Nazan Somer, Executive Vice President Retail Banking Yapi Kredi, said, “We are very pleased to have such collaboration with one of the world’s leading money-transfer companies. As one of the market leaders in the banking sector in Turkey, we see the introduction of the Western Union Money Transfer service as one of the key drivers in increasing customer satisfaction. The Western Union Money Transfer service will certainly enhance our full range of financial services offered to our customer base.”

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 Custom House branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of more than 420,000 agent locations in 200 countries and territories. In 2009, The Western Union Company completed 196 million consumer-to-consumer transactions worldwide, moving $71 billion of principal between consumers, and 415 million business payments. Western Union service is offered through internet at www.garanti.com.tr and over 5.000 agent locations of T.C Ziraat Bankası, PTT, Finansbank, ING Bank, Fortis, Türkiye Finans, Denizbank, T Bank and Al Baraka Türk branches. For more information visit www.westernunion.com.tr

About Yapi Kredi Bank

As the first national private bank of Turkey, Yapı Kredi has set the standards for the Turkish banking sector introducing innovative products and services for 66 years. Adhering to a customer-centric strategy and segment-based service model, Yapı Kredi delivers its service with 17,000 employees through a network consisting of 838 branches and more than 2,300 ATM’s in addition to its rich-content internet and telephone banking applications.

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