Western Union anticipates more business in July
An international financial services company has signed an agreement with Samoa Post to enable it to process money transfer transactions, in anticipation of an increase in the demand for the service during the July 7-20 Pacific Games.
Samoa Post signed an agreement Thursday with Western Union to become a sub-agent, which now opens the door to the State agency offering the services at all its branches in Upolu and Savai'i as part of its preparations for the regional sporting event.
Samoa Post Board Chairman, Faavaeolenuu Ioane Tagata, said the agreement with the money transfer operator will improve their business and was an innovative idea to ensure the company's operations is sustainable into the future.
"There will be a lot of guests coming into our country in July so that is one of the major purposes why we agreed to an agreement. It's to ease the money service for people especially since we're right in the middle of town," he said.
Fexco Samoa General Manager, Molioo Pio Molioo, expressed the company's delight with the partnership.
"It is a milestone for all of us here in Fexco Pacific and we thank Samoa Post for opening the doors to our Number One Currency brand and Western Union Service.
"This will give enhanced convenience to more people in Samoa in accessing basic financial services like money transfer and currency exchange," he said.
The Number One Currency is the Silver Sponsor of this year's South Pacific Games and they intend to offer superior currency exchange with market-leading rates and charge zero fees and commission.
Fexco Pacific, on the other hand, is the biggest agent of Western Union in the region and offers competitive rates and personalised service for businesses that need to make payments abroad. It is also part of the broader Fesco Pacific Group that has operations in 12 markets in the region and has been expanding its retail network in Samoa with the recent launch of flagship locations in Manase and a new office at Salelologa.
Prior to the new collaboration with Samoa Post, Fexco Pacific was already present at the airports at Faleolo and Fagalii, D.B.S, Salelologa, Motootua, Manase, Tatte, Asau and Fasitoo.