Western Union and the Angola Post Office Sign Agreement
The Western Union(R) Company (NYSE:WU) , a leader in global payment services, and the Angola Post Office, provider of postal and financial services in Angola, today announced the signing of an agreement to provide – for the first time – Western Union money transfer services to consumers in Angola.
Richard Malcolm, Regional Vice President for Southern and East Africa at Western Union, says, “We are delighted to start this collaboration with the Angola Post Office and are confident this will expand the network offering of Western Union services. We encourage investment in the country and remain positive that Angola will continue to prosper with the help of the international community.”
Maria Luisa Andrade, president of the board of the Angola Post Office agrees, “The Postal Service in this country looks forward to being part of the continued economic development of the country. By offering Western Union services, we will be facilitating connectivity across the country, keeping our services relevant for years to come.”
According to a study by the Universal Postal Union (UPU), more than 80 percent of post offices in Sub-Saharan Africa are located outside the three largest cities in each country, where 82.5 per cent of the population is concentrated -providing unique outreach to unbanked citizens and migrants.
About Western Union
The Western Union Company (NYSE:WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of June 30, 2014, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs. In 2013, The Western Union Company completed 242 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 459 million business payments. For more information, visit www.westernunion.com.
About the Angola Post Office
The Angola Post Office is a centennial institution with a long history and a remarkable presence with the population and institutions it has served. The company is a member of the Universal Postal Union (UPU), a UN organization that groups the postal services of 190 countries and autonomous regions, and is part of the EMS cooperative.
The National Post and Telegraph Company of Angola – the Angola Post Office – was created in 1980. Through Decrees 16/80 and 17/80 of the Council of Ministers it became known as the National Post and Telegraph Company of Angola – UEE. Following this, the Council of Ministers published its Decree no62/03 on 23 September with a new Statute, which overruled the previous statute approved by Decree 45-G/92.
The company currently has 60 post offices in all the Angolan territory and around 900 staff, guaranteeing the postal service and other products/services as part of the “Post Shop” concept. These are multipurpose spaces that offer the population a wide array of products and services.
For more information, visit: http://www.correiosdeangola.co.ao/.
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