The Western Union Company (NYSE: WU), a worldwide leader in money transfer services, has appointed State Bank of India (SBI) as a principal Agent. Reserve Bank of India has approved the appointment of SBI, taking the number of Western Union principal Agents in India to 11. SBI is the largest bank in India and a Fortune 500 company with more than 10,000 branches. It has signed a multi-year agreement with Western Union. SBI has been a sub-Agent of Western Union through Reliance Money (previously Kuoni) since 2005. SBI will offer the Western Union® Money Transfer service through its existing network of 4,662 locations. “SBI and Western Union share a legacy of successful cooperation in India, and we are looking forward to building on our relationship going forward,” said Anil Kapur, Managing Director, South Asia, Western Union....
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