Many people were surprised when they heard there was no Western Union in South Africa. Western Union are a world leader in global money transfers. It seemed that in almost every country across the world there was a Western Union but come to South Africa and you could not find Western Union. Well now that situation is finally over. Western Union together with local bank ABSA will from this month be rolling out the Western Union transfer service at selected branches across the country.
The rollout kicked off with a pilot run at the Carlton Centre branch in Gauteng during September 2008. Now it looks set that there will be Western Union transfer services at almost 200 branches within the next 12 months. This will not only mean good news for ABSA as it will be getting more business by having Western Union on board but also for people in South Africa who want to transfer money outside the country and receive money from those in foreign countries. Standard Bank have a similar arrangement with the Moneygram transfer service which has proved to be very useful for consumers. Now with the ABSA and Western Union link, the competition between ABSA and Standard Bank is set to continue.