Western Union to resume money-transfer services to Afghanistan
Western Union Co is resuming money-transfer services to Afghanistan, the company said on Thursday, after suspending its operations in the Central Asian country two weeks ago as the Taliban advanced on Kabul. “Starting September 2, 2021, Western Union is pleased to announce that it is resuming its money transfer services into Afghanistan, enabling customers from 200 countries and territories to once again send money to their loved ones in the country,” the world’s largest money-transfer firm said in a statement posted on its Twitter account.
The company also said it would offer a two-week, $0 transfer fee for all money transfers into Afghanistan from September 3 to 17. Western Union and MoneyGram International Inc, another global remittance provider, suspended services in Afghanistan earlier last month as the security situation in the capital deteriorated. This week banks in Afghanistan reopened, paving the way for money-transfer firms to be able to conduct their services and dispense and collect funds.
Speaking with Reuters News Agency, Jean Claude Farah, Western Union’s president for Asia, Europe, the Middle East and Africa, said a push by the United States to facilitate humanitarian aid to the Afghan people had given the company confidence to restart its operations. “Much of our business involving Afghanistan is low-value family and support remittances that support basic needs of the people there, so that’s the grounding that we have and why we want to reopen our business,” Farah told Reuters.
The flow of funds from migrant workers overseas is a key lifeline for many Afghans, and has helped the economy of one of the world’s poorest countries get through years of conflict and political and economic instability. The United Nations says about half of the Afghan population requires aid amid the second drought in four years. President Joe Biden has said his administration is committed to allowing humanitarian work to continue in Afghanistan.
https://www.aljazeera.com/economy/2021/9/2/western-union-to-resume-money-transfer-services-to-afghanistan