The Western Union Company [NYSE: WU] revealed that it has decided to expand its services in Indonesia. The firm has joined forces with Bank Rakyat Indonesia (BRI) to allow its clients in Indonesia to get Western Union international money transfers from their family or friends through 8,000 branch networks of BRI.
It has been disclosed that this partnership will allow customers to get the WU services at 4,000 BRI locations. WU and BRI also planning to expand the services to 8,000 BRI locations in the coming month. Additionally, international senders can send money using Western Union’s digital services in 75 countries, in addition to the regions, or the legendary marketing Agent network worldwide of Western Union.
This collaboration with BRI has backed the commitment of WU to establish new partnerships across multiple sectors. It is also planning to grow its relationship and aid in transferring money rapidly. WU is also striving to reach metropolitan, distant, and countryside geographical regions collectively.
Furthermore, The World Bank report has disclosed that Indonesia has secured a top position as the recipient of remittances in the Pacific region and East Asia in 2020. Western Union is now offering its services through a broad network of Agent locations. Its aim is to aid in service access for families and relatives getting money in Indonesia.
BRI greater than 9 thousand channels have reached the islands in Indonesia. It implies that it has the biggest bank network spread all over the country. BRI is currently exploring ways to enhance its services and providing value to its customers and this partnership is perfect for BRI to provide value-added services to customers. Additionally, Western Union disclosed that its international network’s extensive scale and extent across more than 200 nations and territories shows its competencies at directing the cross-border money transfer difficulties.