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Western Union Expands Business Payments in Austria

Western union
February 1, 2013

Western Union Business Solutions opens new office in Vienna

Western Union Business Solutions, a unit of the Western Union Company in Englewood, Colorado, announced the launch of new offices in Vienna, Austria and Frankfurt, Germany in Jan. 2013. Dedicated teams will bring improved international payments services to companies and organizations that operate internationally in both markets, particularly in the SME sector. These services include financial products designed specifically to support small and medium-sized importers and exporters, allowing customers to execute payments in over 135 currencies to over 200 countries and territories around the world.

“I am very excited to be expanding our presence in Austria and Germany," said Raj Agrawal, President, Western Union Business Solutions. Combined, there are over 2 million SMEs in Germany and Austria. Austrian exports were valued at €121 billion with imports at €131 billion over the same period. “German and Austrian SMEs are renowned for their ingenuity and resilience,” Mr. Agrawal continued. “The Mittelstand is a key driver of economic growth, which is why giving SMEs the scale and service they deserve is vital to help them compete in the global market. The opening of Austrian and German offices is a key element of Western Union Business Solutions’ European expansion strategy as it grows its global presence and follows on recent launches including Poland. Services in Austria and Germany will be offered via the Western Union International Bank, which is headquartered in Vienna.

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