OREANDA-NEWS. March 2, 2010. PrivatBank, the largest Ukrainian bank, and Western Union (NYSE: WU) company, the world leader in money transfer sphere, announced the launch of money transfer service by means of  Privat24 Internet-Bank. From here on, the bank's clients can transfer money from their accounts in Privat24 system by themselves to any of 354,000 Western Union service points, located in more than 200 countries and world's territories. New service also allows to receive money transfer, sent from any Western Union office directly to a recipient's account at Privat24 Internet Banking system. Western Union provides such service in Ukraine for the first time.

"It is very convenient and simple to use banking services while at home or in the office, all over the world. We are glad, that in our Privat24 Internet-Bank one can send  and receive Western Union transfers, transfers of the system which has already become a synonym of speed, safety and convenience all over the world, and this new joint service will allow clients to be closer to their relatives when it is necessary",- said Alexander Dubilet, the Chairman of the Board in PrivatBank.

"In Western Union company first of all we take care of our clients and try to cover their requirements by offering the most convenient ways of money transfers. A new service, provided together with PrivatBank, one of the largest Ukrainian banks, will allow our clients to send and receive money easily and quickly",- said Michael Babirenko, regional manager of Western Union GmbH representative office in Ukraine, Moldavia, Armenia and Georgia.

The service is available to all users registered in Privat24 Internet Banking system. It is not necessary to open an account in PrivatBank's office to receive and make transfers. Registration and usage of the system is free of charge. Transmitter pays transfer charge in accordance with Western Union tariffs without additional Bank's commissions.