October 3, 2007 10:07 p.m. EST
ittorio Hernandez - AHN News Writer
Singapore (AHN) - The world's largest money transfer company opened Wednesday its biggest remittance outlet in Singapore, amid Asia's emergence as a growth engine for the U.S. firm.
Western Union chief executive officer Christina Gold, on an Asian tour, opened the Singapore center expected to handle S1.48 billion USD in remittances to various parts of the world.
The outlet is located at the Luck Plaza mall, one of Western Union's 99,000 Asian units. Western Union's operations in the region comprise a third of its 312,000 centers around the world.
In the past, the bulk of the company's remittance business was from Asian workers in the west, but there is an ongoing shift toward intra-Asia transfer. [Read more]
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