Western Union® services now available at 26,600
locations with the addition of OXXO – Mexico’s largest convenience
store chain
The Western Union Company (NYSE: WU), a leader in global payment
services, today rolled out Western Union Money Transfer® services
across OXXO, Mexico’s largest convenience store chain
geographically, with an innovative self-service feature that allows
customers to receive funds faster at check-out.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20161006005328/en/
OXXO’s Director of Financial Services,
Asensio Carrión; Western Union’s Senior Vice President and General
Manager, Mexico, Canada and Caribbean, Mariano Dall’Orso; and Vice
President and General Manager, Mexico, Rodrigo Garcia, at the
national launch of Western Union money transfer services at OXXO’s
more than 14,000 convenience stores in Mexico (Photo: Business
Wire)
Customers visiting OXXO’s 14,000 locations can receive their
funds by completing their payout information independently via one
of three options – calling a national hotline in advance or using
dedicated in-store phones and digital devices*. The self-service
feature allows faster and efficient funds collection at check-out.
OXXO’s convenience store chain collectively services 11 million
customers daily.
By fully activating services at OXXO, Western Union’s retail
Agent network has nearly doubled to more than 26,600 locations,
from approximately 13,500 at close of 2015.
“We are putting customers’ evolving needs at the center of our
innovation and upholding the trust and convenience they expect from
our global trusted brand,” said Odilon Almeida, Western Union
President, Americas and European Union.
"Our innovative self-service feature in Mexico in collaboration
with OXXO is part of our strategy to digitalize our retail network.
In the process, we have amplified our brand strength and access,
making it even easier for customers across urban, rural and remote
parts in Mexico. We continue to execute on our strategy to attract
‘Main Street’ and ‘High Street’ brands to serve customers,” added
Almeida.
Asensio Carrión, Director of Financial Services of OXXO,
said: “We are proud to expand the portfolio of financial products
and services available to customers by offering Western Union
services and being connected to a global network in more than 200
countries and territories. We are equally pleased to extend the
convenience of receiving money transfers while customers shop for
essentials, offering more than 2,600 products in each store.”
The cash payout limit is capped at 1,000 Mexican pesos
(approximately $50 USD) per user, per day. Larger payouts are
credited into debit cards of major banking providers, as well as
OXXO’s Saldazo** debit card. OXXO operates from 8 am to 8 pm, seven
days a week.
Mexico is the fourth largest recipient of remittances globally
after India, China and the Philippines, according to the World Bank
data, which reported that $25.7 billion were received in Mexico in
2015, an 8.7 percent increase versus 2014 ($23.64 billion).1
(*) In-store phones will be installed at approximately 1,200
stores and kiosks will be installed at approximately 600
stores.
(**) Saldazo is a debit card associated to Banamex savings
accounts (Cuenta Transfer Banamex) and it is available for
acquisition at all OXXO stores throughout the country. More
information on contracts, commissions and requirements can be
obtained at Banamex Branches or www.banamex.com or at
www.saldazoOXXO.com.
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
June 30, 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
billions of 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 FEMSA Comercio
FEMSA Comercio operates several retail chain stores in Mexico,
Chile and Colombia, such as OXXO, YZA pharmacies, Moderna,
Farmacon, Cruz Verde pharmacies and Maicao beauty stores. It also
operates gas stations under the brand OXXO Gas, and the fast food
restaurants Doña Tota. Through its different formats, FEMSA
Comercio serves more than 11.1 million consumers every day.
_____________________________________
1 Migration and Remittances Factbook 2016. Tercera Edición.
Banco Mundial.
WU-G
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161006005328/en/
Western UnionMexico and Latin America:Paula
Barifouse, +1 786-857-5175paula.barifouse@westernunion.comorUS
and Canada:Sarah Meske, +1
720-332-2796sarah.meske@westernunion.comorMedia
Contact:FEMSA:Alma Beltrán, +52 81 8318 1863orHanako
Taniguchi, +52 81 8318 1863hanako.taniguchi@femsa.com.mxorOscar
Martínez, +52 81 8318 1863oscarf.martinez@femsa.com.mx
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