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BAIDURI BANK ANNOUNCES NEW PARTNERSHIP WITH WESTERN UNION
21 November 2005
 

Baiduri Bank today announced a partnership agreement with Western Union Financial Services, Inc., a worldwide leader in money transfer services. This partnership allows the Bank to provide the Western Union Money Transfer® service through its branch network in Brunei.

An official signing ceremony took place today at the Ratnawali Suite, Sheraton Utama Hotel. Signing on behalf of Western Union was Mr. Cedric Dias, Marketing Manager for Singapore and Brunei, Western Union while Mr Pierre Imhof, General Manager of Baiduri Bank signed on behalf of the Bank.

The partnership enables Baiduri Bank to take full advantage of Western Union’s unique proprietary money transfer system and far-flung business network. Anyone and everyone can reliably wire money within minutes to more than 230,000 Agent locations in more than 200 countries and territories worldwide, subject to hours of operation of Agent locations, differences in time zones and other applicable restrictions. With immediate effect, the money transfer service will be available in all Baiduri Bank branches located throughout the country. This will significantly increase Western Union’s presence in Brunei since Western Union entered the market five years ago.

In order to further enhance brand awareness in Brunei and to encourage trial usage, Western Union is launching a special promotion simultaneously. Western Union customers sending money from Brunei to the Philippines will receive a freep Jollibee treat with each money transfer made from now till 31 December 2005.

Mr Pierre Imhof said, “It is a great pleasure to team up with Western Union, a world leader in money transfer services. We strongly believe that the first-class services of Western Union will not only increase our product mix, but also enhance our value-added products to meet the growing needs of our customers, further strengthening our leading position in the local financial industry.

” Commenting on the cooperation with Baiduri Bank, Mr. Cedric Dias said, “Brunei has a large base of foreign workers and professionals mainly from the Philippines, Indonesia, India, Bangladesh, Thailand, Malaysia, Nepal and other countries representing family and business relations throughout Asia and the world. This market shows great potential. Our partnership with Baiduri Bank, one of the largest and fastest growing banks in Brunei, well recognised for its innovation, strong performance and solid infrastructures, will allow us to provide fast, convenient, and reliable services to millions of people, not just in Brunei but globally sending money into Brunei as well. Furthermore, it also shows our long-term commitment to the market.”

About Western Union Financial Services, Inc. and First Data

Western Union Financial Services, Inc., a subsidiary of First Data Corp. (NYSE: FDC), is an international leader in consumer money transfer services. Western Union and its subsidiary, Orlandi Valuta, together make up one of the world’s largest money transfer networks with more than 238,000 Agent locations in more than 200 countries and territories. First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide. Serving 4.1 million merchant locations, 1,400 card issuers and millions of consumers,

First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company’s portfolio of services and solutions includes credit, debit, private-label, smart and stored-value card issuing and merchant transaction processing services; money transfer services; money orders; fraud protection and authentication solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. The company’s STAR Network offers PIN-secured debit acceptance at 1.7 million ATM and retail locations.

For more information, visit www.firstdata.com.

 
 
 
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