MMBL expands Western Union Money Transfers location network with tie-up with Softlogic Finance

16 Nov

MMBL Money Transfer (Pvt) Ltd. (MMBL) has appointed Softlogic Finance PLC – the Finance arm of Softlogic Group to offer Western Union money transfer services through their combined network of Softlogic Finance and gold loan centres island wide.

MMBL Money Transfer (Pvt) Ltd., a joint venture between Aitken Spence PLC & Mercantile Merchant Bank Ltd is one of Sri Lanka’s leading international money transfer providers connecting Sri Lankans with more than 475,000 Western Union locations in more than 200 countries and territories.

Serving Sri Lankans working and living overseas to send money to family and loved one’s since 1993 MMBL’s network of locations are serviced by banks, co-op rural banks, financial institutions and retail outlets such as Jewellery Centers, Pawning Centers etc.

“Convenience is paramount to our Western Union customers and therefore our strategy is to facilitate ‘right next door’ access. Our tie up with Softlogic Finance reinforces this commitment to continually expand our presence across Sri Lanka”, said Dinesh Mendis, Director Aitken Spence Group Ltd. and Managing Director of MMBL Money Transfer

Softlogic Finance PLC offers a portfolio of financial solutions encompassing,leasing, hire purchase, business and personal loans, savings and fixed deposits.

“Signing up to offer Western Union Money Transfer Services is in line with our expansion strategy to offer a comprehensive suite of services to our Sri Lankan customers” said Mayura Fernando, Director / CEO of Softlogic Finance.

“The last six months has seen, Softlogic Finance expand our network and along with our products and services as we grow our customer base to all parts of Sri Lanka,” he said.

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. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 485,000 agent locations in 200 countries and territories. In 2010, The Western Union Company completed 214 million consumer-to-consumer transactions worldwide, moving $76 billion of principal between consumers, and 405 million business payments. For more information, visit http://www.westernunion.com.

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