Western Union’s Post

Transcript

Two pillars in our stretch this retail strategy retail and there is also our digital strategy as well. So there are two different pillars of the same strategy. So for retail, we have been working together with Japanese partners for a location strategy. So currently we have over 200 locations here that we serve through sub agents all across the country. Going forward, what we're going to do is we're going to open our own stores in Japan, our own flagship stores, where we're going to provide the entire lineup of our services, retail and digital as well to show our presence in our commitment to the Japanese market. So introducing our own stores is going to be a very important element, but also working directly with agents is going to be very important as well. So we're going to build up a network of. Of retail agents here in Japan, this can be grocery stores, pawn shops and many others as well. To be closer to our community, to be close to our customers, to understand their needs and to help them with the best service they can get for the digital strategy. It's very simple. It's our app. So on iPhone or Android you can easily download the Western Union app and this gives you access to the whole world. You can really send to any country. In the world, you can send it to your bank accounts, wallets, cash payouts anywhere in the world. This is an amazing value proposition and this is something that we have and are going to invest more and more resources and time to develop going forward and this is going to be a very an important channel as well.