Western Union digital expands in Russia & CIS: now live in Kazakhstan in alliance with Bank CenterCredit

Regional News By Carolina Laurijssen July 1, 2019

Consumersin Kazakhstan Can Now Send Western Union DigitalMoney Transfers Globally 24/7

LALMATY, JULY 01, 2019— Western Union, a leader in cross border, cross currency money movement, in alliance with Bank CenterCredit, one of the top commercial banks in Kazakhstan, has launched Westernunion.com, enabling consumers to send money to their family and loved ones almost anywhere around the world, 24/7.

Western Union is accelerating the expansion of its digital footprint, currently in more than 70 countries and territories. In the Russia & CIS region, Kazakhstan is now live, following Russia and Ukraine.

“We are accelerating our digital presence to mirror our iconic retail footprint globally and locally to offer customers multi-channel choice to suit their money transfer needs,” said Andrey Ageev, Western Union Regional Vice President, Russia & CIS. “In alliance with Bank CenterCredit, we are pleased to offer customers in Kazakhstan access to Western Union person-to-person digital services right at their fingertips.”

Consumers in Kazakhstan can now choose to transfer money online via westernunion.com or offline at over 1,400 Western Union Agent locations[i] across the country. Receivers can receive digitally into billions of bank accounts in more than 100 countries or in cash at more than half a million Western Union Agent locations in more than 200 countries and territories.

“Our bank is 30 years old and we have worked in close alliance with Western Union for 22 of those years,” said Timur Ishmuratov, Deputy Chairman, Bank CenterCredit. “We are delighted to launch digital money transfer services in Kazakhstan together. This service is invaluable to all cardholders across the country, for those who are tech savvy and wish to send quick money transfers in a few clicks via their smartphones or for those customers hampered by geographical remoteness. Digital money transfers are our new, convenient and technological service.  At the same time customers wishing for an in-person service may still access any of Bank CenterCredit departments or our partner-banks’ branches.”

Western Union has been providing money transfer services in Kazakhstan since 1994. According to the National Bank of Kazakhstan data, consumers in Kazakhstan sent more than 52 mln tenge in remittances in April 2019, a 14 percent growth versus April 2018.

[i] Location count valid as of March 31, 2019.

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About Western Union

The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement. Our omnichannel platform connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of March 31, 2019, our network included over 550,000 retail agent locations offering Western Union, Vigo or Orlandi Valuta branded services in more than 200 countries and territories, with the capability to send money to billions of accounts. Additionally, westernunion.com, our fastest growing channel in 2018, is available in approximately 70 countries, plus additional territories, to move money around the world. With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth. For more information, visit www.westernunion.com.

About Bank CenterCredit

JSC Bank CenterCredit is one of the top commercial banks in Kazakhstan in terms of assets and total deposits. The Bank’s primary business consists of corporate and retail banking. Its corporate banking activities include a broad range of wholesale banking products to a diversified group of domestic customers, primarily small and medium sized companies. The Bank’s retail banking activities and products include retail lending and deposit taking and credit and debit cards. The Bank is also an active participant in the fixed income securities market and foreign currency markets in Kazakhstan.

The Bank’s objects, as set out in the Bank’s Articles of Association, are to promote the development of the state economy and to ensure the receipt of dividends by the Bank’s shareholders through a variety of banking operations in compliance with the laws of Kazakhstan.

For more information, visit https://www.bcc.kz/en/