Western Union and Tiendas Neto Extend Cross-Border Remittance Channels for Mexico Consumers
May 11 2022 - 8:00AM
Business Wire
- Customers can now send and receive remittances at more than
1,300 Tiendas Neto locations throughout Mexico
- Agreement enhances Western Union’s financial inclusion
efforts across the furthest reaches of the country
Western Union and Tiendas Neto today announced an agreement to
offer cross-border money transfer services at more than 1,300
Tiendas Neto supermarket locations across Mexico.
The agreement with Tiendas Neto further strengthens Western
Union’s ability to help millions of consumers in Mexico
conveniently send money worldwide. Customers may choose for their
funds to be paid out into billions of bank accounts, millions of
mobile wallets, or across Western Union’s substantial global
network of retail locations.
“Western Union’s goal of enabling millions of connections
between family and loved ones to send or receive money globally and
locally continues to grow, while evolving our offerings to include
expanded digital services and a streamlined retail customer
experience,” said Pablo Porro, Head of Western Union Mexico and
Central America. “Teaming with Tiendas Neto will help us continue
to expand our operations across Mexico, while adding more
convenience for our customers by giving them the opportunity to
send or receive remittances closer to or from their homes.”
Luis Gerardo Ruíz Ojeda, General Manager of Tiendas Neto, said,
"We are extremely excited to add Western Union's industry-leading
global financial services platform to our portfolio, providing a
convenient and reliable channel for our customers to send
remittances. In doing so, our consumers can now send money to
friends and family from any of our locations using one of the most
trusted brands in the world.”
Remittances continue to serve as a key driver to economic growth
across Mexico and a critical piece to support livelihoods for
Mexican families. According to Banxico, during 2021, the country
received $51,593.9 billion dollars, 27.1% more than in 2020.
Likewise, remittances already represent four percent of the
country's GDP, which has served as a lifeline for families that
depend on this income.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220511005087/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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