Western Union Expands: Signs Walmart de México
July 05 2016 - 8:30AM
Business Wire
Agreement expands network reach and
convenience to customers across Mexico
As part of its expansion strategy in Mexico, The Western Union
Company (NYSE: WU), a leader in global payment services, today
announced an agreement with Walmart de Mexico y Centroamérica to
offer international money transfer services under the Western
Union®, Vigo® and Orlandi ValutaSM brands throughout Mexico.
Customers will be able to receive their money transfer
transactions across 1,266 Bodega Aurrera, Mi Bodega Aurrera,
Walmart, Superama and Suburbia stores in all of Mexico’s 31 states
and in Mexico City, during store hours, 365 days a year. The
companies expect to activate services during the third quarter of
2016.
Odilon Almeida, President, Americas and European Union
said: "We are delighted to continue expanding our presence across
the globe, in alliance with some of the largest—and most
reputable—banks, postal services and retailers in the world, to
bring our customers a trusted network of Agents to enable money
transfer services. Our expertise in the money transfer industry,
coupled with Walmart’s wide network presence in Mexico will offer a
powerful value proposition for our customers.”
Western Union analysis shows that speed, convenience and the
urgent flow of resources to family and loved ones are important to
both send and receive consumers. Western Union has operated in
Mexico for the past two decades and currently has a network of
nearly 13,600 Western Union, Vigo and Orlandi Valuta branded Agent
locations in the country. The company has just announced its money
transfer services can now be directed from the US to almost 100% of
Mexican bank accounts.
Note: Walmart will continue to offer services from other money
transfer providers.
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
March 31, 2016, the Western Union, Vigo and Orlandi Valuta branded
services were offered through a combined network of over 500,000
agent locations in 200 countries and territories and over 100,000
ATMs and kiosks, and included the capability to send money to over
a billion accounts. In 2015, The Western Union Company completed
262 million consumer-to-consumer transactions worldwide, moving $82
billion of principal between consumers, and 508 million business
payments. For more information, visit www.westernunion.com.
About Walmart de México y Centroamérica
Walmart de México y Centroamérica is a company dedicated to the
commercial sector whose vision is to contribute to improving the
quality of life of families in Mexico and Central America. It
operates in six countries: Costa Rica, El Salvador, Guatemala,
Honduras, Mexico and Nicaragua. It has a wide variety of formats,
including: discount stores (Bodega Aurrera Express, Despensa
Familiar and Palí), supermarkets (Superama, Supertienda Paiz, La
Despensa de Don Juan, La Unión and Masxmenos), wineries (Bodega
Aurrera, Mi Bodega Aurrera, Maxi Palí and Maxi Despensa),
hypermarkets (Walmart), with membership warehouse clubs (Sam's
Club) and clothing stores (Suburbia), which at June 6, 2016 totaled
3,065 units. In 2015, Walmart de México y Centroamérica reported
sales exceeding 485.8 billion pesos. Find us on Facebook
http://www.walmartmexicoycam.com (Walmart de México y
Centroamérica) and Twitter (@WalmartMXyCAM).
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version on businesswire.com: http://www.businesswire.com/news/home/20160705005129/en/
Western UnionUS and Canada:Sarah Meske,
+1-720-332-2796sarah.meske@westernunion.comorMexico and Latin
America:Paula Barifouse,
+1-786-857-5175paula.barifouse@WesternUnion.com
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