Western Union and SuperGIROS Team to Provide Colombians with Greater Access to Cross-Border Money Movement
May 03 2022 - 8:00AM
Business Wire
- Western Union, SuperGIROS and Acciones & Valores extend
geographic reach and increase financial services access for
thousands of Colombians
- Alliance doubles Western Union’s Colombian retail network to
17,000 locations
- Partnership expands Western Union’s global network, helping
serve more customers across the full range of physical and digital
channels
Western Union and SuperGIROS, part of the Acciones & Valores
network, today announced an agreement that places Western Union’s
cross-border global money movement and payments capabilities in
every SuperGIROS retail location across Columbia.
Colombians Now Have More Ways to Send
and Receive Money Cross-Border
By teaming with SuperGIROS, Colombians now have more than 9,800
additional locations to send and receive money to friends and
family around the world. The move brings the total number of
Western Union locations in Colombia to 17,000, reinforcing the
company’s commitment to offer even more convenience to its
customers. SuperGIROS locations are offering extended hours, every
day of the week, to help customers conveniently send and receive
their remittances.
"In Colombia, remittances are critically important in helping
ensure health and safety for those who receive them, especially in
remote communities across the country,” said Claudia Reyes, Western
Union Regional Director, Colombia. “In Colombia and across Latin
America we continue to expand our network, offering consumers more
convenience, introducing new services, and allowing them to send
money to their families and loved ones across the world. We look
forward to working with SuperGIROS to help bridge the gap to full
financial inclusion for all Colombians.”
Western Union / SuperGIROS Alliance
Fosters Financial Inclusion
The SuperGIROS network in Colombia has expanded to include 23
provinces. Together, both companies now possess a country-wide
footprint that reaches the most remote areas of the country,
providing access to financial services that were lacking in the
past.
“Remittances continue to be the lifeline for many Colombian
families, so we must prepare and go even further,” said Édgar Páez,
President, SuperGIROS. “Through the launch of Western Union
international money transfers in our 10,000 stores, we can now
connect our customers with their families across the world.”
In terms of scope, Rafael Aparicio, President of Acciones &
Valores, explained that the expansion plan is accompanied by a
strategy to reach new consumer segments, including parts of the
population that don’t have access to financial services. "As we
launch this service, our key priority is to think and evolve our
relationship with the client, meeting and exceeding their
expectations in terms of receiving and sending remittances.”
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement and payments. Western
Union’s platform provides seamless cross-border flows and its
leading global financial network bridges more than 200 countries
and territories and over 130 currencies. We connect consumers,
businesses, financial institutions, and governments through one of
the world’s widest reaching networks, accessing billions of bank
accounts, millions of digital wallets and cards, and a substantial
global network of retail locations. Western Union connects the
world to bring boundless possibilities within reach. For more
information, visit www.westernunion.com.
About Acciones & Valores
Acciones and Valores is the oldest brokerage firm in Colombia
and at more than 60 years of age it has the luxury of being one of
the most innovative, with products and services that bring the
greatest benefits to its clients. In 2003 he diversified his
business to focus on 2 different and innovative lines. On the one
hand, the traditional stock exchange business advising individuals
and companies in the capital market and, on the other, the
remittance business, led by the world leader in international money
orders. https://www.accivalores.com/
About SuperGIROS
SuperGIROS is an operator authorized to provide postal payment
services. It has extensive coverage in Colombia, with more than
10,000 service points. In SuperGIROS it also offers collection
agreements to pay bills for gas and electricity companies, and
payment agreements. https://www.supergiros.com.co/
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version on businesswire.com: https://www.businesswire.com/news/home/20220503005276/en/
Western Union Media Relations: Brad Jones
Bradley.Jones@WU.com
Western Union Investor Relations: Tom Hadley
WesternUnion.IR@westernunion.com
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