Consumers enjoy extended hours and convenience of additional locationsSunrise, FL--(HISPANIC PR WIRE - BUSINESS WIRE)--November 16, 2006--Orlandi Valuta, a pioneer in the money transfer business, recently signed an agreement for money transfer services in Mexico with Grupo Elektra, a leading specialty retail and financial services company. Consumers can now receive Orlandi Valuta money transfer transactions sent from the United States at any of Grupo Elektra's approximately 1,500 stores and bank branches throughout Mexico.
This agreement extends the hours that Orlandi Valuta money transfer transactions are payable to consumers in Mexico. Orlandi Valuta transactions are now payable seven days a week until 9 p.m. in Grupo Elektra locations, including Salinas y Rocha, Bodega de Remates, Elektricity, Elektra and Banco Azteca. With the addition of the Orlandi Valuta brand to the Western Union- and Vigo-branded money transfer services currently offered, Grupo Elektra now offers consumers the full suite of Western Union services.
"This relationship with Grupo Elektra complements Orlandi Valuta's desire to provide fast, reliable and convenient services located where our consumers live and feel comfortable," said Liz Alicea-Velez, President, Orlandi Valuta. "Between its retail and banking brands, Grupo Elektra has a profound presence in Mexico. Adding these trusted locations to the Orlandi Valuta agent network and increasing business hours positions us closer to more consumers and makes it simple for them to receive money in Mexico."
"Our commitment is to build the necessary agreements to enhance the well-being of an increased number of people through faster and safer operations," said Javier Sarro Cortina, CEO of Grupo Elektra. "More efficient transfers contribute to higher living standards for millions of families in Mexico and Latin America."
About Orlandi Valuta
Orlandi Valuta is a subsidiary of Western Union, which trades in the NYSE under ticker symbol (WU). Orlandi Valuta, an electronic money-transfer service that has been in operation since 1986, offers same-day and next-day transfers from the United States to locations in El Salvador, Honduras, Guatemala and all 32 states in Mexico. The company has more than 4,500 points of sale in the United States and 20 years of proven experience in electronic transfers from the U.S. to Mexico. Recently, Orlandi Valuta successfully began money transfers to Central and South America, where it has more than 1,000 additional points of sale.
About Grupo Elektra
Grupo Elektra is Latin America's leading specialty retailer, consumer finance and banking services company. Grupo Elektra sells retail goods and services through its Elektra, Salinas y Rocha, Bodega de Remates and Elektricity stores and over the Internet. The Group operates more than 1,000 stores in Mexico, Guatemala, Honduras, Peru and Panama. Grupo Elektra also sells and markets its consumer finance, banking and financial products and services through approximately 1,500 Banco Azteca branches located within its stores, as a stand-alone, and in other channels in Mexico and Panama. Banking and financial services include loans, electronic money transfer services, extended warranties, demand deposits, pension-fund management, insurance and credit information services.