Western Union to tie up with banks, FIs
By Our Banking Bureau | 16 Jul 2002
New
Delhi: Western
Union Financial Services (WUFS) is planning to expand its
operations by tying up with banks and financial institutions (FIs).
Says
WUFS director general (India) Anil Kapur: "We have seen a
75-per cent increase in revenues over last year. Besides India
Post, with whom we have a tie-up, we are in talks with banks and
FIs to increase our reach."
WUFS
already has a tie-up with Karnataka Bank and Lord Krishna Bank.
After the tie-up with India Post, WUFS is offering its services in
over 3,000 Indian post office locations and plans to aggressively
enhance the Indian post office locations in the next six months.