Wal-Mart to Offer Western Union Services in Mexico Finextra
go to original July 5, 2016

Western Union’s market familiarity, multi-channel and multi-brand solutions centered on meeting customer needs are driving the company’s performance in Mexico. (Western Union)

As part of its expansion strategy in Mexico, The Western Union Company (WU), a leader in global payment services, announced an agreement with Walmart de Mexico y Centroamérica to offer international money transfer services under the Western Union, Vigo and Orlandi Valuta brands throughout Mexico.

Customers will be able to receive their money transfer transactions across 1,266 Bodega Aurrera, Mi Bodega Aurrera, Walmart, Superama and Suburbia stores in all of Mexico’s 31 states and in Mexico City, during store hours, 365 days a year. The companies expect to activate services during the third quarter of 2016.

Western Union analysis shows that speed, convenience and the urgent flow of resources to family and loved ones are important to both send and receive consumers. Western Union has operated in Mexico for the past two decades and currently has a network of nearly 13,600 Western Union, Vigo and Orlandi Valuta branded Agent locations in the country. The company has just announced its money transfer services can now be directed from the US to almost 100% of Mexican bank accounts.

Note: Walmart will continue to offer services from other money transfer providers

Read the rest at Finextra

Related: Walmart Mexico Sees Sales Growth Despite June Slump (Business Insider)

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