Interchange acquires retail operations of Western Union in France and Austria

Interchange, a leading provider of money transfer and foreign currency services, has acquired Western Union’s (WU) dedicated stores in Vienna, Paris, and in the principal regional cities of France.

The acquisition involves 26 stores and approx. 150 people including one of the single busiest sites in WU’s worldwide network. The transfer of the Austrian stores was completed in November while the French stores are being progressively transferred.

Alastair Holberton, CEO, commented:

“This is a significant acquisition and reflects the strength of our 25 year relationship with WU. France’s 6.5 million migrant community is one of the largest in Europe. The efficient, secure, and competitive ability to remit funds is an essential service to this community.”