AAAAAAAAAAAAAAAAAAAAAAAAAAA

NT Bureau
Chennai, Feb 15:

        Reliance Capital Ltd, the Anil Dhirubhai Ambani group financial services firm, has taken a new avatar as one of Western Union's principal agents in India .

        This relationship has come into effect after Reliance Capital acquired 100-per cent stake in Kuoni Group's foreign exchange unit Travelmate Services ( India ) Pvt Ltd in November 2006. Travelmate has been Western Union 's principal agent for over 10 years.

        The 36,000 strong Western Union Agent location network comprises of over 3,000 Travelmate locations.

        Anil Kapur, managing director-South Asia, Western Union Financial Services said, 'Western Union's association with Reliance capital, one of the leading business groups of India, is a very significant benchmark for us at Western Union.'