MMBL Money Master strengthens Western Union money transfer location network with George Steuart Fina

Monday, 22 April 2013 00:00 - - {{hitsCtrl.values.hits}}

George Steuart Finance PLC joins the MMBL Money Master network to carry out Western Union money transfer services through their branches in Colombo, Gampaha, Negombo, Wennappuwa, Kalutara, Kurunegala & Kandy. The company is the finance arm of Divasa Equity (Pvt) Ltd., which is a holding company of George Steuart Finance PLC’s holding company, Divasa Equity (Pvt) Ltd.

MMBL Money Transfer (Pvt) Ltd., a joint venture between Aitken Spence PLC & Mercantile Merchant Bank Ltd., is one of Sri Lanka’s leading international money transfer providers connecting Sri Lankans with more than 475,000 Western Union locations in more than 200 countries.

Helping Sri Lankans working and living overseas to send money to family and loved ones since 1993; MMBL’s network of locations are serviced by banks, co-op rural banks, financial institutions and retail outlets such as jewellery and pawning centres.

“MMBL Money Master network of over 2500 locations island-wide brings convenience to our Western Union customers and therefore our strategy is to facilitate ‘right next door’ access. Our tie up with George Steuart Finance reinforces this commitment to continually expand our presence across Sri Lanka”, Aitken Spence Group Ltd. Director and Managing Director of MMBL Money Transfer (Pvt) Ltd., Dinesh Mendis said.

George Steuart Finance PLC offers a portfolio of financial solutions encompassing, fixed deposit and savings facilities at attractive rates, tailor-made, short-term & medium-term loans to finance assets or working capital, operating leases, hire purchases, trade bills and cheque discounting. It also offers facilities for margin trading, micro finance and on a selective basis, for residential property development.

“Signing up with MMBL to perform Western Union money transfer service is in line with our expansion strategy to offer a comprehensive suite of financial services to our customers,” stated George Steuart Finance PLC Director / CEO Lakshman Uduwara, at the occasion.

The Western Union Company is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 485,000 agent locations in 200 countries and territories.

In 2010, the Western Union Company completed 214 million consumer-to-consumer transactions worldwide, moving US$76 billion of principal between consumers, and 405 million business payments. For more information, visit www.westernunion.com.