Western Union renews agreement with Postal Savings Bank of China

The Western Union Company, based in the US, has renewed an agreement with the Postal Savings Bank of China to provide Western Union Money Transfer services.

Postal Savings Bank of China (PSBC) currently has more than 20,000 locations offering Western Union Money Transfer services throughout China. PSBC has been a Western Union agent since 2001.

Hikmet Ersek, executive vice president and managing director for Europe,

Middle East, Africa and Asia Pacific at Western Union, said: "The renewal of the contract is a strong signal that the combination of PSBC's extensive network across urban and rural China and Western Union's global brand delivers results."

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