Western Union Enhances Mobile Money Transfer Capabilities in Africa
July 06 2015 - 8:30AM
Business Wire
MTN Customers in Rwanda and Ivory Coast
Can Now Receive Western Union Money Transfer Transactions on
Their Mobile Phones
The Western Union Company (NYSE:WU), a leader in
global payment services, in collaboration with the MTN Group, a
multinational mobile telecommunications company servicing 229,2
million customers in 22 countries, today announced the launch of a
new mobile money transfer service in Rwanda and Ivory Coast. The
new service allows MTN customers in both countries to receive a
Western Union Money Transfer® transaction in their mobile
wallet.
Senders may choose to send from a participating Western Union®
agent location or a Western Union digital1 channel; the receiver
may then pick up the transfer into his or her mobile wallet. The
money can be used to pay bills, conduct a person-to-person money
transfer, buy airtime, as well as other MTN Mobile Money services
available.
This new offering increases the breadth of Western Union’s
payout options in country. In addition to the new mobile money
transfer service with MTN, Rwandan and Ivory Coast consumers can
receive funds at more than 400 Western Union locations in Rwanda
and 1,350 Western Union locations in Ivory Coast. With the combined
digital and retail Western Union offerings, Rwanda and Ivory Coast
customers now have the ability to send and receive money from
family and friends based on their current needs.
“Western Union continues to grow its reach across Africa, while
delivering an exceptional experience across retail and mobile
platforms, allowing our customers to conveniently and reliably move
money,” said Khalid Fellahi, senior vice president and general
manager, Western Union Digital. “Furthermore, Western
Union seeks to promote global economic opportunity by bridging
gaps in the traditional financial services system, and strives to
provide consumers with 24x7 access to Western
Union services.”
As of April 2015, MTN had 27,4 million Mobile Money
subscribers across 14 operations. The service enables users to
perform local and international money transfers and make utility
payments and purchases. In Ivory Coast, where MTN is the
leading operator with more than 8,3 million subscribers on the
network and 2,6 million Mobile Money subscribers, users are now
able to pay for online purchases with MTN Mobile Money.
“MTN is committed to offering innovative services that help
improve the quality of life for our customers,” said Serigne Dioum,
head of Mobile Financial Services, MTN Group. “By expanding our
relationship with Western Union in Rwanda and Ivory Coast, we are
providing our customers with an easy and reliable option to receive
money from family and friends worldwide.”
For more information on Western Union’s digital capabilities,
including mobile applications and mobile money transfer services,
please visit www.westernunion.com.
About Western Union
The Western Union Company (NYSE:WU) is a leader in
global payment services. Together with its Vigo, Orlandi Valuta,
Pago Facil and Western Union Business Solutions branded
payment services, Western Union provides consumers and
businesses with fast, reliable and convenient ways to send and
receive money around the world, to send payments and to purchase
money orders. As of March 31, 2015, the Western Union,
Vigo and Orlandi Valuta branded services were offered through a
combined network of over 500,000 agent locations in 200 countries
and territories and over 100,000 ATMs and kiosks. In 2014,
The Western Union Company completed 255 million
consumer-to-consumer transactions worldwide, moving $85
billion of principal between consumers, and 484 million
business payments. For more information,
visit www.westernunion.com.
About the MTN Group
Launched in 1994, the MTN Group is a leading emerging market
operator, connecting subscribers in 22 countries in Africa, Asia
and the Middle East. The MTN Group is listed on the JSE Securities
Exchange in South Africa under the share code: “MTN.” As of 30
April 2015, MTN recorded 229,2 million subscribers across
its operations in Afghanistan, Benin, Botswana, Cameroon, Cote
d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran,
Liberia, Nigeria, Republic of Congo (Congo-Brazzaville), Rwanda,
South Africa, Sudan, South Sudan, Swaziland, Syria, Uganda, Yemen
and Zambia. Visit us at, www.mtnbusiness.com and www.mtn.com.
WU-G
1 Digital refers to WU.com and mobile money transfer
channels
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150706005206/en/
Western UnionBrad Jones,
+1-720-332-1262bradley.jones@westernunion.comorMTN
GroupSamantha Moodley, (+27) 83 212
9434Samantha.moodley@mtn.com
Western Union (NYSE:WU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Western Union (NYSE:WU)
Historical Stock Chart
From Jul 2023 to Jul 2024