Western Union Expands in the Philippines with Cebuana Lhuillier
July 28 2020 - 8:00AM
Business Wire
2,500+ Locations of the Philippines Largest
Microfinancial Services Company, Cebuana Lhuillier, To Offer
Western Union Money Transfer Services
Western Union (NYSE:WU), a global leader in cross-border,
cross-currency money movement and payments, and Cebuana Lhuillier,
the largest and long-tenured microfinancial service provider in the
Philippines, have come together to enable customers in the
Philippines to send and receive Western Union money transfers.
The significant collaboration with Cebuana Lhuillier adds 2,500
more locations to Western Union’s global network and will provide
greater access to customers in the world’s fourth largest
remittance receiving country. Money transfer customers accessing
Cebuana Lhuillier’s nationwide branch network will be able to send
or receive money via Western Union’s global network in more than
200 countries and territories. The services are expected to be
rolled out in the coming weeks.
“Western Union and Cebuana Lhuillier understand the importance
of connectivity and building relationships, while keeping customers
at their core. This strategic collaboration and integration of
capabilities of two leaders highlights the power of combined assets
to meet customer’s needs,” said Jean Claude Farah, President,
Global Network, Western Union.
Farah added, “In an age when speed, reliability and convenience
mean everything, we are increasing the number of touchpoints where
our customers can access our services and connect with their loved
ones around the world. We welcome Cebuana Lhuillier to the Western
Union family and are proud and excited to work collaboratively to
reach more customers together.”
After successfully serving Filipinos for decades offering vital
financial services, the two companies have joined forces to advance
cross-border money movement for customers in the Philippines. This
alliance supports Western Union’s strategy to leverage its platform
and portfolio of capabilities, enabling other businesses looking to
expand their global reach and build upon a robust partnership. The
cooperation between the two companies also puts forward Cebuana
Lhuillier’s vision of empowering Filipinos through financial
services.
“This partnership with Western Union is a prudent step in
ensuring accessibility for the millions of Filipinos around the
world and in paving the way for a future-proof network with
presence in almost all parts of the globe,” said Jean Henri
Lhuillier, President and CEO of Cebuana Lhuillier.
“We are more than thrilled to collaborate with Western Union as
their company values line up perfectly with our core of
facilitating financial inclusion for the underserved Filipinos and
expanding our reach makes that all the more possible,” added
Lhuillier.
Cebuana Lhuillier is a one-stop shop that offers microfinancial
services to over 30 million clients through its more than 2,500
branches with 20,000 domestic partners and 1.7 million physical and
virtual touchpoints. The company is also acting as a cash agent for
Cebuana Lhuillier Rural Bank and has since provided a bank account
to 4 million previously unbanked Filipinos since the launch of the
rural bank’s revolutionary product Cebuana Lhuillier Micro
Savings.
Western Union serves customers globally from a fast-growing
digital network of web, app, and the largest Agent retail locations
across the world. In addition, Western Union’s global payout
network includes billions of bank accounts and wallets offering
unparalleled convenience to families and loved ones sending money
to the Philippines. In the Philippines, customers will soon be able
to send and receive through Cebuana Lhuillier and may check the
Agent Locator link for the status of their nearest locations.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement and payments. Our
omnichannel platform connects the digital and physical worlds and
makes it possible for consumers and businesses to send and receive
money and make payments with speed, ease, and reliability. As of
March 31, 2020, our network included over 550,000 retail agent
locations offering our branded services in more than 200 countries
and territories, with the capability to send money to billions of
accounts. Additionally, westernunion.com, our fastest growing
channel in 2019, is available in over 75 countries, plus additional
territories, to move money around the world. With our global reach,
Western Union moves money for better, connecting family, friends,
and businesses to enable financial inclusion and support economic
growth. For more information, visit www.westernunion.com.
About Cebuana Lhuillier
P.J. Lhuillier, Inc. (PJLI) is the proud parent company of
Cebuana Lhuillier, the Philippines’ largest microfinancial services
provider that offers pawning, remittance, micro insurance, bills
payment, e-load, business-to-business solutions services, and micro
savings and other banking services through their banking arm, the
Cebuana Lhuillier Rural Bank. For more than 30 years, Cebuana
Lhuillier continuously provides fast, easy, secure, and convenient
microfinancial products and services to more than 30 million
customers through over 2,500 branches nationwide. The company has
also expanded its services into the digital space through the
eCebuana App, a product of the Cebuana Lhuillier Rural Bank, and a
host of other financial platforms such as Cebuana From Home,
ProtectNow.com and the Cebuana Lhuillier Jewelry website.
Cebuana Lhuillier is committed to its purpose of bringing
financial inclusion to the majority of Filipinos and has remained
at the forefront of its industry through its many product
innovations and leadership in customer service. Its commitment to
excellence has given rise to many countless accolades and
recognitions here and abroad.
WU-G
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version on businesswire.com: https://www.businesswire.com/news/home/20200728005065/en/
Media Contacts: Western Union Global
Communications Pia De Lima: pia.delima@wu.com Western
Union Asia-Pacific Karen Santos: Karen.Santos2@westernunion.com
Cebuana Lhuillier Melanie Suzon: mmsuzon@pjlhuillier.com
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