Ver Angola

Banking and Insurance

Western Union relaunches shipping operations in Angola

Western Union will resume remittance operations from Angola. The announcement was made this Wednesday by the international money transfer operator, which returns to the Angolan market about eight years after the suspension of these operations in 2014.

: Shannon Stapleton
Shannon Stapleton  

The relaunch of operations is possible due to the reforms carried out by the National Bank of Angola (BNA) in the financial system.

These reforms, according to Jornal de Angola, guarantee, for the time being, the availability of foreign exchange to resume "operations for sending and receiving currency".

Jean Claude Farah, president for Europe, Middle East, Asia and Africa says he trusts the Angolan market. Therefore, according to Jornal de Angola, resources and technologies will be used to ensure the normal functioning of the service.

The person in charge made it known that each customer will be able to send 2000 dollars a month. However, the company's intention is to negotiate with the BNA so that this amount becomes the same as the previous one, that is, 5000 dollars per month per customer.

At the moment, the platform operates through the banks Millennium Atlântico (BMA), Comércio e Indústria (BCI) and Fomento Angola (BFA) and through Unitransfer.

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