Western Union set for expansion in India

One of the world’s largest financial services companies is set to expand its number of locations and services in India.

Western Union, which currently accounts for about 85,000 locations in the world’s second largest populated country, plans to increase its presence to more than 100,000 by the end of the year.

Rajesh Mehta, the Company’s Marketing Director for India said Western Union aimed to “reach out to every Indian within and outside India.”

“Overseas remittances to India account for 3% of the GDP and we hope that the actual figure would be about US$ 58 billion by the end of 2012,” he said, speaking at a media luncheon at Langham Hotel in Auckland on January 23.

“Western Union believes in ploughing back to the society a small part of its earnings with funding in education, health and in creation of jobs.

“We are not just a ‘business’ but a ‘business with a purpose and a mission.’ We work closely with several NGOs and charity missions in India and extend a helping hand to those in need,” he said.

Later, speaking to INDIANZ OUTLOOK, Western Union Regional Director for New Zealand and Pacific Isles Tasko Alcevski said that the company had 510 locations in New Zealand.

“Giving back a part of our earnings to the community forms the basic principle of our business,” he said and cited examples of having funded cardiac surgeries of about 150 children battling for their lives in the Philippines.

The above is based on a report that appeared in Indianz Outlook, extracted with the permission of its editor Prem Nath.

The picture here shows (left) Tevita Cokanasiga (Regional Operations Manager), Carla Godward (Senior Marketing Manager), Rajesh Mehta, Bridget Dennis (Regional Manager), Sunil Kumar (Managing Director City Forex NZ Ltd) and Tasko Alcevski (Regional Director), Western Union New Zealand and Isles at the media luncheon. Picture by Bhavnesh Soni.

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