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 Business News | September 2006 
Banamex and Western Union Extend Mexican Alliance
 Newswire
| | Banamex will now offer to consumers the full suite of Western Union services. |
Mexican bank Banamex, a unit of Citigroup, has extended its alliance with The Western Union Company to facilitate consumer money transfers to and from Mexico for another seven years.
Banamex (Banco Nacional de Mexico) will now offer to consumers the full suite of Western Union services, by adding the Vigo brand to the Western Union and Orlandi Valuta transfer services currently offered by Banamex.
In addition, Banamex will continue to expand its distribution network through its own and third-party channels, enabling significant growth opportunities for Banamex and Western Union.
As one of Mexico's leading banks, Banamex offers the Western Union suite of services at more than 5,000 locations throughout Mexico through its own branches, its network of Banamex Aqui Correspondents and other partners.
"For many years, Western Union and Banamex have worked side by side to bring value, reliability and speed to consumers sending money to Mexico," said Jorge Hierro, executive director of institutional relations for Banamex. "We look forward to expanding our relationship and benefiting consumers, not only with the addition of Vigo-branded services, but also with additional convenient locations throughout Mexico." |
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