Company continues to expand availability of this service in Central
and South America
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
The Western Union Company (NYSE:WU), a global leader in payment
services, today announced the launch of a new way for people in El
Salvador to receive money from abroad.
The company’s Mobile Money Transfer service now allows Western Union
customers around the world to send remittances to people in El Salvador
who subscribe to Tigo Money, Tigo’s mobile money service. Tigo is a
subsidiary of the telecommunication group Millicom International
Cellular S.A. (Stockholmsbörsen: MIC), a leader in 13 markets across
Latin America and Africa.
Here’s how the service works:
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Senders can send Western Union Money Transfer® transactions
directly to receivers who subscribe to Tigo’s mobile money service for
receipt on their mobile phones.
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Alternatively, for even more flexibility, senders can send Western
Union Money Transfer transactions and then receivers can direct the
funds into their mobile phones by dialing *555# and following the
prompts.
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After receiving the funds, receivers can use them to top up their
mobile phones.
“Western Union is leading the way in bringing international remittances
to mobile subscribers around the globe and pleased to announce the
availability of our Mobile Money Transfer service in El Salvador,” said
Gregg Marshall, Western Union’s Global Head of Mobile Sales and Business
Development. “We have a vast global network of agent locations,
experience in moving money across borders, and our relationships with
some of the world’s most successful operators so we’re well-positioned
to introduce people to cross-border financial services and unlock new
economic opportunities for them.”
Earlier this year, Western Union and Tigo announced the availability of
this service in Paraguay and, in the coming months, the companies plan
to roll it out to customers in Honduras and Guatemala.
In addition to El Salvador, the Western Union® Mobile Money
Transfer service is currently available in Afghanistan, Bangladesh,
Burkina Faso, Kenya, Madagascar, Malaysia, Paraguay, the Philippines,
Tanzania, Uganda and the U.S.
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 June 30, 2012, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of approximately 510,000 agent locations in 200 countries and
territories. In 2011, The Western Union Company completed 226 million
consumer-to-consumer transactions worldwide, moving $81 billion of
principal between consumers, and 425 million business payments. For more
information, visit www.westernunion.com.
WU-F, WU-G

Source: Western Union