Western Union cuts money transfer fees

Western Union has announced a reduction in the fees for money transfers from Kuwait to India.
Western Union's money transfer service to all locations in India will cost KD1 ($3.39) for amounts up to KD275, one Kuwaiti dinar less than the previous price of KD2 for transfers of the same amount.
"The new service fee comes into effect following the successful launch and enthusiastic reception of the reduced pricing for money transfers for the Kuwait-Kerala corridor," said Jean Claude Farah, regional vice president for Middle East, Pakistan and Afghanistan, Western Union Financial Services.
"We did some more research, took into account the voice of the customer, the Kuwaiti market and the diaspora dynamics here, as well as feedback from our extensive network of cooperation agents, and felt it was only prudent to extend the new fee for all money transfers to India," he added.
LI: A real response to consumer demand or increased competition. Either way this move will be watched closely by all operators.