Western Union has signed an agreement with Turkish retail, private and commercial bank Yapi Kredi to offer national and international money-transfer services at 830 Yapi Kredi branches throughout Turkey.
The agreement with Yapi Kredi expands Western Union’s distribution network in
Turkey, which currently consists of more than 4,700 locations in 81 cities, and potentially target Yap Kredi’s six million customer base.
Jan Hillered, senior vice president for Europe and CIS at Western Union, said: “Western Union has a strong network in Turkey, which covers the entire country and consists of many top banks, as well as the post office. YKB is an excellent addition to this network as it has a powerful retail franchise and a well-recognized brand.”
Nazan Somer, executive vice president for retail banking at Yapi Kredi, said: “As one of the market leaders in the banking sector in Turkey, we see the introduction of the Western Union Money Transfer service as one of the key drivers in increasing customer satisfaction. The Western Union Money Transfer service will certainly enhance our full range of financial services offered to our customer base.”