The lender will initially deliver services at its 50 select branches from where customers can send or receive money, while the number of branches will be increased to over 120 by the end of first quarter of 2014.
Western Union Middle East and Africa senior vice president Jean Claude Farah said that the service will be beneficial for more than 6 million Egyptians living abroad, who seek a reliable and easy to use method of money transfer.
A World Bank study underlines that Egypt accounts for over 40% of total remittance inflows to the MENA region and it witnessed a six-fold raise in remittances over the last eight years to become the largest recipient ahead of Lebanon, Morocco, Jordan and Tunisia.
WU, in collaboration with its Orlandi Valuta and Vigo brands, has agent network of over 90 locations across Egypt, and 515,000 retail locations in 200 countries and territories.
