The Western Union Company (NYSE: WU), a leader in cross-border
and cross-currency money movement, today launched the Western
Union® mobile app with omni-channel choice, enabling customers in
Mexico to send digital money transfers to more than 200 countries
and territories.
Mexico is the latest country enabled for international digital
money transfers, after Brazil, Jamaica and Panama in the Latin
America and Caribbean region, as Western Union accelerates its
digital penetration with plans to expand to more than 200 countries
and territories.
Customers in Mexico can now send money via the Western Union
mobile app (iOS and Android) and choose payments options of card
in-app or cash and pay at retail. Customers also have the choice to
send international money transfers at select retail locations.
“We are pleased to extend our digital footprint to include
Mexico – offering customers the choice to send money 24/7
world-wide,” said Khalid Fellahi,
General Manager, Western Union Digital.
“Mexico now has the best of our rare combination of physical and
digital capabilities –with the option to receive global money
transfers at more than 33,000 retail locations or into almost every
Mexican bank from the United States and the ability to send money
effortlessly to almost every country in the world.”
While Mexico is the fourth largest receiver of money globally in
the form of remittances – its economy is becoming more globally
interconnected with individuals going abroad for education and
other lifestyle reasons. In 2017, Mexico residents sent $806
million dollars1 abroad, according to Mexico’s Central Bank, to
countries such as the U.S., Argentina, Canada, Ecuador, and
Colombia.
Using the new Western Union mobile app, customers in Mexico can
send up to USD $2,999.99 paying a flat fixed rate of USD $5. **
About Western Union’s Cross-Border Platform
Western Union’s cross-border, cross-currency money movement
platform – including a robust digital footprint, settlement,
treasury and compliance infrastructure, and a vast global retail
network of over half a million locations – sets the standard for
international money movement. With operations in 200 countries and
territories, Western Union’s platform processes an average of 32
transactions every second and moves $300 billion a year across 130
currencies.
Connecting the digital and physical worlds of money, Western
Union’s technology stack, APIs, foreign exchange and settlement
engine, agent network, anti-money laundering and fraud detection
capabilities make it one of the largest digital and physical money
movers for consumers around the globe. The company offers digital
transactions in 45 countries. Approximately 70% of Western Union’s
digital transactions globally (75% in the U.S.) now originate on
mobile devices.
Customer Guidance
New customers are required to register with Western Union’s
customer database -- by visiting Western Union’s more than 8,000
Agent locations that currently offer the outbound service and
providing a government-issued ID upon registration. All
transactions can be completed digitally, and funds will become
available for the receiver in a matter of minutes* to be picked up
in more than 550,000 Agent locations across the globe. The customer
can also complete payment at retail.
WU-G
# # #
* Service and funds availability depend on certain factors
including the Service selected, the selection of delayed delivery
options, special terms applicable to each Service, amount sent,
destination country, currency availability, regulatory issues,
consumer protection issues, identification requirements, delivery
restrictions, agent location hours, and differences in time zones
(collectively, “Restrictions”).
** Western Union also makes money from currency exchange. When
choosing a money transmitter, carefully compare both transfer fees
and exchange rates. Fees, foreign exchange rates and taxes may vary
by brand, channel, and location based on a number of factors. Fees
and rates subject to change without notice. Currently accepted
credit cards include only Visa and Mastercard. VAT not included. In
case of credit cards, the issuing bank might charge an additional
fee for the service.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. Our omnichannel
platform connects the digital and physical worlds and makes it
possible for consumers and businesses to send and receive money and
make payments with speed, ease, and reliability. As of June 30,
2018, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta branded services in
more than 200 countries and territories, with the capability to
send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2017, is available in 45 countries
and territories to move money around the world. In 2017, we moved
over $300 billion in principal in nearly 130 currencies and
processed 32 transactions every second across all our services.
With our global reach, Western Union moves money for better,
connecting family, friends and businesses to enable financial
inclusion and support economic growth. For more information, visit
www.westernunion.com.
1 Banco de México, http://www.banxico.org.mx/
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version on businesswire.com: https://www.businesswire.com/news/home/20180912005166/en/
Western UnionWestern Union Latin America &
Caribbean:Jillian Gelok, +1
786-857-5106jillian.gelok@wu.comorPress Office in
Mexico:Fleishman HillardSofia Gomez Pedroso, +52 55 5540 6031
ext. 261sofia.gomezpedroso@fleishman.com
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