MANILA — Western Union Senior Vice President for East and South Asia Patricia Riingen was recognized with the Pinnacle’s Group’s CSR Leadership Award for her spearheading a range of initiatives backed by Western Union in driving financial inclusion in the Philippines.

Under Riingen’s leadership, Western Union’s introduction of products, services and programs to service a range of consumers from the banked to unbanked, as well as empowering them through educational outreach programs saw her win the gold category of the award at the Global CSR Awards ceremony in Davao held on April 19, 2013.

Consumers receiving remittances from overseas or within the Philippines have the option of collecting funds from Western Union’s Agent location network representing multiple classes of trade, now pegged at more than 8,500 across 143 cities and 78 provinces.

In addition, they can also choose to receive international remittances directly onto the Western Union® Gold Prepaid Card; direct into their bank accounts if customers of Union Bank; or into mobile phones if subscribers of Globe and Smart.

In addition to receiving remittances, the Western Union® Gold Prepaid Card in the Philippines offers the unbanked a reliable way to save and manage their money — salary, government payments, gifts or other earnings.

It also provides a new spending option, whether purchasing online or at retail.

Through The Western Union Foundation, Western Union’s philanthropic arm, over U.S.$1.3 million has been allocated to the Philippines in grants to support education and economic empowerment projects since the Foundation’s inception in 2001.

Now in its fifth year, Pinnancle’s Global CSR Awards is recognized as one of Asia’s most prestigious programs that honor companies and their leaders for their unwavering commitment in making a meaningful and lasting difference in the lives of people, communities and the environment.

The CSR Leadership Award is given to an individual who plays a key role in creating shared value amongst its company’s partners, clients, employees and consumers.

Riingen heads the Western Union business throughout East and South Asia, which includes two of the world’s top 10 remittance-receiving countries — the Philippines and Bangladesh.

As a Filipino herself, Riingen is fully aware of the sacrifices of overseas Filipino workers (OFWs).

The Philippines receives over U.S.$20 billion remittances annually, but nearly three quarters of its people (73%) 15 years and older do not have a bank account.

“I am honored to receive this CSR Leadership Award for driving financial inclusion with the backing of Western Union and empowering Filipino citizens — one of the very important missions of Western Union,” said Riingen.

“This it is only possible through collaboration.  I thank our Agents, employees, non-governmental organizations, governments and community leaders, for their continuous support and vote of confidence, enabling us to deliver services and initiatives that make a real difference in the everyday lives of Filipinos.”

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services.

Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders.

As of Dec. 31 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 510,000 agent locations in 200 countries and territories.

In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments.

For more information, visit www.westernunion.com.

About the Western Union Foundation

The Western Union Foundation is dedicated to creating a better world, where the ability to realize dreams through economic opportunity is not just a privilege for the few but a right for all.

With the support of The Western Union Company, its employees, Agents and business partners, The Western Union Foundation works to realize this vision by supporting education and disaster relief efforts as pathways toward a better future.

Our combined social ventures efforts make life better for individuals, families and communities around the world.

Since 2001, The Western Union Foundation has committed more than $85.2 million in grants and other giving to more than 2,591 nongovernmental organizations in more than 130 countries and territories.

To learn more, visit www.westernunionfoundation.org.

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