Banorte Branches across Mexico Will Offer Western Union Global Money Transfer Services

  Banorte Branches across Mexico Will Offer Western Union Global Money
  Transfer Services

                 Western Union Continues to Expand in Mexico;
     New Relationship Enhances Banorte’s Remittance Payment Capabilities

Business Wire

MEXICO CITY & ENGLEWOOD, Colo. -- April 24, 2013

The Western Union Company (NYSE: WU), a leader in global payment services, and
Banorte, one of the largest financial institutions in Mexico and a subsidiary
of Grupo Financiero Banorte (BMV: GFNORTEO; OTCQX: GBOOY), today announced a
five-year agreement that will allow Banorte to offer Western Union^® global
money transfer ^ services.

Banorte has more than 1,300 locations across Mexico. Western Union services
will be offered at most Banorte locations, and will be initially available in
select locations, followed by a nationwide rollout.

“The agreement with Western Union enhances our international payment services
for our customers and their relatives that live abroad,” said Alejandro
Valenzuela, CEO of Grupo Financiero Banorte. “We are very pleased with our new
relationship with Western Union, which will position Banorte as one of the
leaders in the international payments market.”

“Having Western Union services in Banorte branches will allow us to continue
to grow and extend our reach to deliver dependable financial services to
consumers across the country,” said Odilon Almeida, president, Americas,
Western Union. “Western Union’s international scale, coupled with a
globally-recognized brand known for speed and reliability, is the foundation
that has allowed our organization to continue to grow our Agent network in
Mexico, and around the world.”

Western Union has an extensive presence in Mexico, with a strategically
combined network of Agent locations that include banks, national retail chains
and independent locations. Western Union, in conjunction with its Orlandi
Valuta and Vigo brands, connects consumers in Mexico to more than 510,000
Agent locations across 200 countries and territories worldwide.

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services.
Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business
Solutions branded payment services, Western Union provides consumers and
businesses with fast, reliable and convenient ways to send and receive money
around the world, to send payments and to purchase money orders. As of
December 31, 2012, the Western Union, Vigo and Orlandi Valuta branded services
were offered through a combined network of approximately 510,000 agent
locations in 200 countries and territories. In 2012, The Western Union Company
completed 231 million consumer-to-consumer transactions worldwide, moving $79
billion of principal between consumers, and 432 million business payments. For
more information, visit

About Grupo Financiero Banorte

Banorte was founded in 1899 in the city of Monterrey, where it first started
operations as a small regional player. In 1992, in the banking privatization
process, Banorte was acquired by a group of entrepreneurs leaded by Roberto
Gonzalez Barrera. Through a series of key acquisitions after the Mexican
financial crisis of the mid 1990’s, like Bancen and Banpaís in 1997 and
Bancrecer in 2002, Banorte was able to consolidate a nationwide presence in
Mexico. It now operates as a financial group known as Grupo Financiero Banorte
(GFNorte), offering universal banking products and services in the Mexican
financial system. Banorte is currently the third largest banking institution
in Mexico measured by size of loans and deposits. It is the second largest
provider of State & Municipal government and mortgage financing and the third
largest provider of commercial loans. As well as increasing its market shares,
Banorte has consolidated its position as one of Mexico's most profitable banks
and is recognized for its strong fundamentals by showing sound asset quality,
as well as high capitalization and liquidity levels.

With more than 22 million clients and a footprint of more than 1,300 branches
and more than 6,700 ATMs nationwide, GFNorte’s main business line is retail
banking, and it also provides a wide array of products and services through
its broker dealer, annuities & insurance companies, retirements savings funds
(Afore), mutual funds, leasing & factoring company and warehousing. GFNorte
manages more than US $114 billion in assets and Banorte is the full retail
bank, among the six largest institutions, that is controlled by Mexican
shareholders. Its decisions are taken locally without the influence of
international headquarters, which has proven to be an advantage given the
recent weakness of many global institutions. In 2006, Banorte entered into the
US Hispanic market through the purchase of Inter National Bank (INB), a
Texas-based bank, and two remittance companies in 2007: Uniteller in New
Jersey and Motran in California. Its strategic partnerships include the
International Finance Corporation (IFC) at its banking subsidiary, the Mexican
Social Security Institute (IMSS) at the retirement savings fund management
business, and the Italian insurance company Generali at the insurance and
annuities business. In January 2013, GFNorte finalized the acquisition of
Afore Bancomer through Afore XXI Banorte, becoming the most relevant
transaction to date in the retirement savings fund system, creating the most
significant Afore in Mexico. GFNorte’s shares trade in the Mexican Stock
Exchange (BMV) with the ticker “GFNORTEO”, in the Madrid Stock Exchange under
the symbol “XNOR” and in the US ADR OTC market under “GBOOY”. For more
information, visit



Western Union
Dan Diaz, 720-332-5564
Grupo Financiero Banorte
David Suarez
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