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Lord
Krishna, Western Union join hands
Our Banking Bureau
5 July 2002
 Mumbai:
Western Union
Financial Services Inc (www.westernunion.com),
one of the world’s leading money transfer companies, has signed
an agreement with Lord Krishna Bank to provide inward money
transfer services in 51 locations of Lord Krishna Bank.
 This alliance will
significantly expand Western Union’s network in Kerala. Lord
Krishna Bank has strong a presence in Kerala with over 80 per cent
of its branches located throughout the southern state of India.
Western Union is
aggressively in the process of enhancing their network across
India. In the last six months alone, it has witnessed nearly
100-per cent growth in their locations. Currently, Western Union
has over 6,000 locations across 600 towns and cities in the
country.
 "Western Union
caters to more than 5 million non-resident Indians in the Gulf
region, most of them belong to Kerala. Hence, it is extremely
important that we serve our customers in Kerala to the best of our
abilities. We will now have more than 520 locations in Kerala, so
that customers can receive money sent by their family quickly,
safely and reliably. We are also in talks with other banks and
financial institutions to provide safe, secure and reliable money
transfer services," says Western Union director-general
(India) Anil Kapur.
Lord Krishna Bank
executive director V K Gupta says: "Western Union’s inward
money transfer service will be a tremendous value-addition to both
our existing client-base and potential customers. We are pleased
to be associated with Western Union."
Established in Kerala in 1940, Lord Krishna Bank today has a
widespread network, with presence in more than 10 states across
the country.
Western Union Financial
Services, a subsidiary of First Data Corp, is an international
leader in consumer money-transfer services. Consumers can quickly,
safely and reliably pay bills and transfer money around the globe
using the company’s proprietary money transfer network.
 Western
Union and its subsidiary Orlandi Valuta together make up one of
the world’s largest money-transfer networks with a total of
approximately 124,000 agent locations in more than 194 countries
and territories. Famous for its pioneering telegraph service, the
original Western Union dates back to 1851 and introduced
electronic money-transfer service in 1871.
List of reports on Lord Krishna Bank
List of reports on
Western Union Financial Services
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