More than 1,400 Bank Syariah Indonesia Locations Will Offer Western Union Money Transfer Services
Western Union, a global leader in cross-border, cross-currency money movement and payments, has collaborated with Bank Syariah Indonesia (BSI), a state-owned Islamic bank in Indonesia, to offer its services across more BSI locations in the country.
“At the heart of what we do at Western Union is connecting people, allowing them to move money around the world. With BSI we remain committed to maintaining the widespread service and working collaboratively to reach more customers together.”
BSI was founded on 1 February 2021 as a result of merger between state-owned sharia banks which are subsidiaries of larger banks: BRI Syariah (of Bank Rakyat Indonesia), BNI Syariah (of Bank Negara Indonesia) and Bank Syariah Mandiri (of Bank Mandiri). Western Union previously offered its services at more than 650 Bank Syariah Mandiri locations across Indonesia.
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This significant expansion with BSI adds more than 750 additional locations to Western Union’s financial network. Customers in Indonesia can now seamlessly send and receive money at more than 1,400 BSI locations in the country, connecting them to their loved ones in more than 200 countries and territories.
“We are very pleased to expand our relationship with BSI and offer cross-border remittance services in more locations across the country,” said K. Premmananth, Head of Singapore, Indonesia and North Asia, Western Union. “At the heart of what we do at Western Union is connecting people, allowing them to move money around the world. With BSI we remain committed to maintaining the widespread service and working collaboratively to reach more customers together.”
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“BSI is the largest sharia bank in Indonesia and we are pleased to expand our services with a global leader such as Western Union,” said Kokok Alun Akbar, Retail Banking Director, BSI. “Previously, we offered Western Union services at over 650 locations and are now glad to double the location count. Together we will continue to evolve the services we offer – working to make it easier, faster and more convenient for our customers to connect with their families and loved ones across the world.”
According to World Bank, Indonesia is among the top remittance recipients in the East Asia and Pacific Region in 2020. Western Union currently provides its services across more than 20,000 Agent locations1 across the country.
