Kiran Shetty-RVP India (WU), AS Prasad,DDG, India Post, and Anil Kapur, SVP, South and South East Asaia at the unveiling of the commemorative 10 year logo.
NEW DELHI: Western Union, a global leader in money transfer services and Government of India’s Department of Post (India Post) have completed a decade of assisting Indians living and working overseas to send money to their family and loved ones to build better lives and communities.
Western Union and India Post combined have helped transfer US$6.5 billion1 worth of hard earned remittances through its 7,000 strong India Post location network dotted across urban and rural India. A majority of locations are in rural India (55%).
“India Post is an integral part of Western Union’s India wide Agent network and the largest Western Union in-country network. The trust placed in two iconic brands for a decade -India Post, a familiar icon that has provided a civic service for communities for centuries and Western Union a global brand with a heritage of 150 years – is unparalleled”, said Anil Kapur Managing Director, South & South East Asia, Western Union.
“On behalf of Western Union, a special salute goes out to the thousands of India Post employees that have helped service millions of money transfers over the last decade. Their ability to interact in person with our consumers sharing their joys and sometimes their hardships, has made this relationship more than a mere milestone”, he said.
India Post is the world’s largest postal network with over 155,000 post offices; with a significant presence across rural India. Western Union has over 400,000 Agent locations across 200 countries and territories3.
“An efficient and reliable communication network is the lifeline of the nation and plays a crucial role in socio-economic development and the integration of the country. At India Post we strive to exceed the expectations of our consumers and society”, said AS Prasad, Deputy Director General (Financial Services), Department of Posts.
“Our 10 year relationship with Western Union has helped us offer a modern, reliable and fast service embedded with our traditional values and ethics.
“Given Western Union’s popularity across rural areas, it has also enabled India Post to also attract new consumers for other services such as mutual funds and insurance offered by India Post”, he said.
According to the World Bank, India continued to be the largest recipient of remittances in 2010 to the tune of $55bn, owing to the growing Indian Diaspora and the growing needs/affluence of middle-class. Western Union helps families of the Indian Diaspora back home receive international remittances in an easy, reliable and convenient manner through its nationwide network of more than 63,000 Agent locations.
India Post News Service
