Mexico City, Mexico - Western Union is a leader in global payment services and Banorte is one of the largest financial institutions in Mexico. Together, along with a subsidiary of Grupo Financiero Banorte, they have announced a five-year agreement that will allow Banorte to offer Western Union global money transfer services.

Banorte has more than 1,300 locations across Mexico. The Western Union services will initially be offered at most of these locations, followed by a nationwide rollout in the near future.

"The agreement with Western Union enhances our international payment services for our customers and their relatives that live abroad," said Alejandro Valenzuela, CEO of Grupo Financiero Banorte. "We are very pleased with our new relationship with Western Union, which will position Banorte as one of the leaders in the international payments market."

"Having Western Union services in Banorte branches, will allow us to continue to grow and extend our reach to deliver dependable financial services to consumers across the country," said Odilon Almeida, president of Americas, Western Union. "Western Union's international scale, coupled with a globally-recognized brand known for speed and reliability, is the foundation that has allowed our organization to continue to grow our Agent network in Mexico, and around the world."

Western Union has an extensive presence in Mexico, with a strategically combined network of Agent locations that include banks, national retail chains, and independent locations. Western Union, in conjunction with its Orlandi Valuta and Vigo brands, connects consumers in Mexico to more than 510,000 locations across 200 countries and territories worldwide.