Western Union in Mali Reactivates Money Transfer Services to and from ECOWAS Countries
August 23 2022 - 5:00AM
Business Wire
Western Union today announced that it has relaunched money
transfer services for customers in Mali seeking to send and receive
money from the Economic Community of West African States (ECOWAS).
The move reinforces Western Union’s commitment to Mali and to
enabling cross-border money movement for customers in the
country.
“We are excited to relaunch our money transfer services
connecting Mali to ECOWAS,” said Mohamed Touhami El Ouazzani,
Regional Vice President of Africa at Western Union. “Money
transfers are a lifeline for many, and any disruption in services
can cause an impact on the lives of customers and their families.
Although we temporarily suspended our money transfer services in
Mali to and from ECOWAS countries, we worked quickly to responsibly
resume our services soon after the nationwide restrictions were
lifted.”
Western Union’s international money transfers have continued to
be available in Mali, connecting customers to the rest of the
world. The lift of restrictions means that customers can now once
again use Western Union services to send to and receive money from
Benin, Burkina Faso, Cabo Verde, Cote d'Ivoire, The Gambia, Ghana,
Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal,
Sierra Leone and Togo.
According to 2021 figures published by the World Bank, Mali
received 1.05B in remittances‑which accounted for 5.5% of its
GDP.
Western Union operates one of the largest cross-border money
transfer platforms in the world, moving money to and from 200+
countries and territories. Its purpose is to connect people
wherever they are in the world so they can send and receive vital
support.
Western Union has been operating in Mali for over 20 years. The
Company offers international money transfers across digital and
retail channels through an extensive network of Agents. It will
continue to focus on enabling speed, choice and efficiency for
customers, as well as driving economic empowerment through money
movement around the globe.
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 approximately 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/20220823005061/en/
Saadia McGlinchey; Saadia.McGlinchey@wu.com Karen Santos;
Karen.Santos2@westernunion.com
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