Wednesday, 29 September 2010

Western Union announces the introduction of the Account-Based Money Transfer (ABMT

ENGLEWOOD, Colo., Sep 29, 2010 (BUSINESS WIRE) -- Western Union (NYSE:WU), a leader in global payment services, and State Bank of India (SBI), the largest commercial bank in India, today announced that SBI accountholders will soon be able to receive cross-border money transfers in their bank accounts using just their mobile phones.

In July, Western Union announced the introduction of the Account-Based Money Transfer (ABMT) service, to be launched in early 2011. This service will enable SBI customers with online bank accounts to pull a Western Union(R) Money Transfer(TM) directly into their accounts via the Internet or an ATM.

The new mobile service will provide SBI customers with an additional option to direct a Western Union Money Transfer into their accounts anytime and anywhere. Read more

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