Santo Domingo.– The Western Union Company, a provider of money transfer services, and Grupo Vimenca, a privately held group of financial services companies in the Dominican Republic, have renewed their relationship by entering into a 10-year agreement.
The deal, ratified at a signing ceremony on January 7 in Santo Domingo to commemorate the companies' 18-year business relationship, will continue to provide consumers the ability to send and receive intra-country and outbound global money transfers through the Western Union Agent network. Christina Gold, President and CEO Western Union, and Don Victor Mendez Capellan, President and Founder Grupo Vimenca, represented their companies at the event.
Grupo Vimenca, a family-owned company that began as a small business with one employee, today offers consumers global money transfer services through Western Union, in addition to banking, mortgage, business-to-business call center services, travel and mobile offerings.
Western Union entered the Dominican Republic in 1989 with Remesas Vimenca, a wholly owned subsidiary of Grupo Vimenca which now boasts a strong network of more than 205 locations throughout the country.
Gold said: "Dominican Republic is a key strategic market for Western Union. For companies operating on a global scale, the ability to interact with consumers on a day-to-day basis is a prerequisite for business success. Through Vimenca, Western Union has been able to consistently achieve this goal over the last 18 years. Today's announcement is yet another demonstration of Western Union's commitment to serve and help our consumers achieve their life goals."
Mendez Capellan added: "Western Union and Group Vimenca are names synonymous with trust. Western Union's mission to serve others mirrors the founding principles of Vimenca: patience, humility, prudence, discipline and loyalty. Together, we share similar attributes in our approach to business, which include the shared belief, the consumer comes first. In the years ahead, we will continue to cultivate our mutual strengths to benefit of the families we serve."