Western Union opens services in Palau

Western Union Financial Services Inc., a worldwide leader in money transfer services, announced yesterday the launch of the Western Union Money Transfer® service in the Republic of Palau.

The introduction of the new money transfer service was made possible through Western Union’s new strategic relationship with CTSI Logistics, a Tan Holdings Inc. company, in Palau. Union Money Transfer® service is available at two locations initially.

Western Union, along with its subsidiary, Orlandi Valuta, now offers an electronic money transfer service in more than 200 countries and territories for the first time across 225,000 locations globally, one of the largest networks of its kind.

“This partnership with CTSI Logistics expands the reach of Western Union into the South Pacific, which remains a strong growth region,” said Michael Tauber, regional vice president, Western Union Asia Pacific. “We are very pleased to welcome the Republic of Palau as the 203rd member country/territory of our global network.”

David Chin, regional manager, Pacific Islands, Western Union said: “At Western Union we are constantly striving to deliver complete customer satisfaction and network enhancement. This strategic relationship with CTSI Logistics establishes our presence in Palau and means that more people wishing to send or receive money have access to Western Union’s fast, reliable and convenient money transfer service.

“We are excited to be able to serve the Palauan community for their money transfer needs. From receiving a quick transfer from your family working in the United States or around the islands of Saipan, Guam or Hawaii, to serving the communities that are working in Palau, we are happy to help people send money home to their families,” Chin said.

Danny Lim, general manager of CTSI Logistics Palau, believes that the strategic relationship with Western Union make it easier for the people of Palau to send and receive money worldwide.

“CTSI Logistics’ strategic relationship with Western Union gives us an opportunity to expand our current array of services to include fast and convenient money transfer as we aim to serve our customers better,” said Lim

“The Western Union Money Transfer service is important for potential customers who need to send and receive money quickly with a peace of mind that they are dealing with a reputable local and global company,” he added.

Western Union Financial Services, Inc., a subsidiary of First Data Corp., is an international leader in consumer money transfer services. Western Union and its subsidiary, Orlandi Valuta, together make up one of the world’s largest money transfer networks with approximately 225,000 agent locations in more than 200 countries and territories.

Tan Holdings Corp. is a globally competitive holding company, which prides itself on its strong vision and values. The company headquarters was moved to the island of Saipan in 1983, where it is now the largest private taxpayer and employer in the U.S. Commonwealth of the Northern Mariana Islands. Led by a world-class management team headed by president Willie Tan and executive vice president Jerry Tan, THC today is involved in a wide variety of industries that are vital to island economies of the Western Pacific.