Sberbank Offers Western Union Services Across Russia

Sberbank has signed an agreement to offer Western Union’s international money-transfer services at the bank’s branches across Russia. Western Union services initially will be available at more than 8,000 Sberbank branches in 2011.

The two companies plan to expand the network further when Western Union international money transfers become available for consumers at all Sberbank branches that are integrated into the bank’s BLITZ money-transfer system (more than 9,000 locations in 2,800 cities and residential areas across Russia).

“Co-operation with such a large player in the market of international money transfers as Western Union enables us to offer our clients new services and expand our activities in the field of international money transfers. We are confident that this agreement will be beneficial for both parties,” said Alexander Torbakhov, deputy board chairman of Sberbank of Russia.

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