Western Union and 7-Eleven México Announce Strategic Alliance to Send and Receive Money Cross-Border
March 01 2023 - 8:00AM
Business Wire
Western Union Money Transfer Service Now
Available at more than 1,800 7-Eleven locations in 14 states Across
Mexico
Western Union, a leader in cross-border, cross-currency money
movement and payments, and 7-Eleven Mexico, the world's largest
convenience store chain, today announced a strategic alliance to
help facilitate cross-border money transfer capabilities in
Mexico.1
The alliance benefits millions of consumers in Mexico by
enabling more than 1,800 7-Eleven locations to send and receive
money conveniently and securely, with reach across the more than
200 countries and territories where Western Union operates.
According to information from the Bank of Mexico in its January
2023 report, the total amount of income from remittances in the
period January - November 2022 amounted to 53 billion dollars, a
value higher than 46 billion dollars reported in the same period of
2021 and which marks an annual increase of 13.5%. In that same
period, 99% of the total income from remittances was made through
electronic transfers, standing at 52.604 million dollars.2
Considering these trends, the alliance between Western Union and
7-Eleven will provide benefits to customers including:
- Send money across 14 states of the country at more than 1,800
7-Eleven locations with extended hours from 8 a.m. to 10 p.m.,
making it easier for customers to collect remittances from various
points within Mexico.
- The ability to send money with speed and convenience over a
mobile phone using the Western Union app, online, or in-person at a
retail location or a combination of both.
- Increased customer peace of mind by offering simple ways to
send and receive money in minutes, including the ability to send
directly to bank accounts or pick up as cash at any Western Union
retail location.
“We are very proud to establish this new strategic
alliance with one of the largest retail chains in the country and
the world. 7-Eleven is a company with a clear vision of excellence
in customer service, growth, and a philosophy that we share by
focusing its efforts on the customer experience. We look forward to
working with 7-Eleven to benefit our customers across Mexico,”
said Rodrigo García Estebarena, president of Latin America and
the Caribbean at Western Union.
The collaboration with 7-Eleven is part of Western Union's
continued growth and expansion of its retail service offerings
providing customers with speed, choice and convenience transferring
money.
"We are focused and committed to offering the best quality of
products and services. This strategic alliance with Western Union
excites us, reinforces our offer and allows us to continue adding
solutions for our main objective: to make life easier for our
customers," said Tom Lesser, general director of 7-Eleven
Mexico.
“At 7-Eleven we are passionate about our consumers and are
always looking to provide the best products and services.
Undoubtedly, adding the Western Union brand to our portfolio
reinforces our commitment so that our clients can solve all their
needs with us. Now they will be able to come to our stores any day
of the week and collect their Western Union remittances, while
buying some of the excellent quality that characterizes 7-Eleven
products,” said Alfredo Duplan, commercial and marketing
director of 7-Eleven Mexico.
How is the process of receiving remittances carried out
through Western Union and 7-Eleven?
The customer arrives at any 7-Eleven store in Mexico with their
Money Transfer Control Number (MTCN) and official identification;
and once the information is validated, the cash and a copy of the
receipt will be given, up to a total amount of $2,000.00 Mexican
Pesos.
About Western Union
The Western Union Company (NYSE: WU) is committed to helping
people around the world who aspire to build financial futures for
themselves, their loved ones and their communities. Our leading
cross-border, cross-currency money movement, payments and digital
financial services empower consumers, businesses, financial
institutions and governments—across more than 200 countries and
territories and nearly 130 currencies—to connect with billions of
bank accounts, millions of digital wallets and cards, and a global
footprint of hundreds of thousands of retail locations. Our goal is
to offer accessible financial services that help people and
communities prosper. For more information, visit
www.westernunion.com.
About 7-Eleven
7-Eleven Mexico is part of the largest convenience store chain
in the world, always innovating and continually improving to offer
its customers a shopping experience that exceeds their
expectations. We focus on offering the best selection and quality
of products, services, and experiences, facilitating the day to day
of people. For more information visit: https://7-eleven.com.mx
1 Uniteller is responsible for the money transfer service,
registration number 22185 from October 20, 2020. 2
www.banxico.org.mx/publicaciones-y-prensa/remesas/%7B945B88AA-AE54-F758-2329-B51172BBCF91%7D.pdf
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version on businesswire.com: https://www.businesswire.com/news/home/20230301005201/en/
Western Union Media Contact: Brad Jones
Bradley.Jones@wu.com
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