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REMITTANCES - WESTERN UNION: Wanted: more banking relationships.
(From Retail Banker International)
RBI talks separately to two senior executives at Western Union - Gerhard Sabathiel, managing director of Vienna-based Western Union Bank, and AJ Hanna, regional vice-president for Northern and Western Europe for Western Union - about the company's desire to work with, not against, banks Will Western Union start to use its huge distribution network and very strong brand to compete against retail banks with a range of basic banking products now that it is a fully independent company looking for growth opportunities?
No, comes the straight reply from two of the company's senior executives - Gerhard Sabathiel, managing director of Vienna-based Western Union Bank, and AJ Hanna, regional vice-president for Northern and Western Europe for Western Union.
Talking about the growing number of …
