Press Release

Western Union and New IT Venture Sign Agreement

Tuesday May 16, 2017
weWestern Union and New IT Venture sign Five-year Agreement

Western Union® Money TransferSM Services will be Available in New IT Venture Locations Nationwide

New IT Venture – a company operating IPTV (Internet Protocol TV) Platform and Services in Japan and distributing content from TV channels & movies from more than 25 countries & languages to expatriates in Japan, have recently reached an agreement with global money transfer leader, Western Union to offer remittance services to the Japanese public, and targeting mainly South Asian expatriates in Japan.

nitv

To address the immediate need of the market, New IT Venture will offer Western Union® Money TransferSM services in 2 of its locations in Tokyo area very soon (close to Shin-okubo and Aoto stations) and with plans to expand to its other locations across Japan within the next few years.

”Western Union’s distinct capability to send as well as receive money is quite beneficial to foreign communities in Japan. Western Union is fast, reliable and convenient, so we are expecting to see a tremendous response from the foreign community in the coming days,” said Mr. Kamal Adhikari, CEO of New IT Venture.

“We are pleased with this collaboration with New IT Venture. Having Western Union services available in New IT Venture locations is aligned with our plans of expanding our network footprint in the country and making our services more accessible to more South Asian consumers,” commented Mr. Eiji Kobayashi, Western Union, Country Director, Japan.

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, 2016, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 550,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to billions of accounts. In 2016, The Western Union Company completed 268 million consumer-to-consumer transactions worldwide, moving $80 billion of principal between consumers, and 523 million business payments. For more information, visit www.westernunion.com.

About New IT Venture

NITV is a next generation OTT IPTV & Cloud Video Platform Company that has developed a Complete Video Streaming IPTV Solution for Broadcasters, Telcos, ISPs, Hospitality Services & Content Distributors. NITV has partnered with the world’s leading media and technology companies, NITV owns and operates different community based OTT IPTV Platforms and self IPTV Head-end. Founded by executives in the media, technology, and financial communities, NITV is headquartered in Tokyo, Japan, and maintains network operations facilities in Japan, USA, Singapore, Australia, and Europe, and a development center in Kathmandu Nepal. The team at NITV invites everyone to visit www.newitventure.com to learn more about what the company is doing. We accept communication in Japanese, English, Nepalese, Hindi and Urdu.

Contact information for New IT Venture
1: For General Inquiry
wu@newitventure.com
2: For Agent Inquiry –
info@newitventure.com
Tel: 03-5650-5430

Press Contact:

Japan +81-3-5650-5430 press@newitventure.com

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JAPAN
NEW IT VENTURE CORPORATION
Kopo Yamato Bldg 2F, Tateishi 5-24-8
Katsushika-Ku, Tokyo 124-0012
NEPAL
NEW IT VENTURE CORPORATION LIMITED
TBi Plaza 1F, Naxal
Gairidhara, Kathmandu, Nepal
INDIA
NEW IT VENTURE (INDIA) PVT. LTD.
C9/9401,Vasant Kunj
New Delhi 110 070, India