Go Back   2020-2021 StudyChaCha > StudyChaCha Discussion Forum > General Topics

Old September 26th, 2017, 05:09 PM
Super Moderator
Join Date: May 2011
Default Re: Western Union Money Transfer in State Bank of India

Western Union (NYSE:WU), a pioneer in worldwide installment administrations, and State Bank of India (SBI), the biggest business bank in India, today reported that SBI accountholders will soon have the capacity to get cross-outskirt cash moves in their financial balances utilizing only their cell phones.

In July, Western Union reported the presentation of the Account-Based Money Transfer (ABMT) benefit, to be propelled in mid 2011. This administration will empower SBI clients with online financial balances to pull a Western Union(R) Money TransferTM specifically into their records by means of the Internet or an ATM.

The new portable administration will furnish SBI clients with an extra alternative to coordinate a Western Union Money Transfer into their records whenever and anyplace.

"India is a key market for Western Union," said Anil Kapur, Western Union's Senior Vice President, South and Southeast Asia. "It is the world's No. 1 settlement beneficiary nation and got US$52 billion out of 2009, as per the World Bank.

"Western Union has more than 61,000 Agent areas in India. As we keep on expanding our system, this joint effort with SBI understands our responsibility regarding furnish our shoppers with the more prominent accommodation of getting to cash sent by their families and friends and family from abroad."

Khalid Fellahi, Western Union's Head of Mobile Transaction Services, stated, "Western Union is focused on offering a wide assortment of courses for our buyers to send and get cash. By utilizing our worldwide "center point" for moving cash, we can consistently offer new and imaginative decisions for SBI clients to exchange their cash from Western Union straightforwardly into their records through cell phones, web based keeping money, ATMs and bank offices."

SBI has 110 million accountholders, of which more than 4 million are enlisted for web based saving money. Western Union's Account-Based Money Transfer benefit supplements SBI's across the nation system of more than 12,000 branches at present offering the Western Union Money Transfer benefit.

With this concurrence with SBI, buyers will have the capacity to send cash from one of Western Union's 380,000 Agent areas around the globe to a SBI account.
Answered By StudyChaCha Member
Reply With Quote

Reply to this Question / Ask Another Question
Your Username: Click here to log in


All times are GMT +6.5. The time now is 06:05 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8