Company garners top honors in U.S., Europe, Asia Pacific
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Western Union, a leader in global payments, today announced that it has
won four separate awards for its stored-value programs.
The four awards are:
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A PayBefore Europe Best-in-Category Award for “Best Prepaid Incentive,
Reward, Rebate or Loyalty Card Program” for the Western Union MyWU
Prepaid Card;
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The Gold Medal PYMNTS.com Award for “Best Prepaid Innovation,”
recognizing the company’s rapid expansion of its stored-value programs
in 12 countries;
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The PayBefore Award for “Best Network-Branded Gift Card,” a nod to the
company’s unique “Gift and Greeting Card” program in the U.S.;
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The Banking & Payments Asia Trailblazer Award for “Product Excellence
in Prepaid Payment” for the introduction of general-purpose reloadable
(GPR) accounts in the Philippines and India.
Western Union received the Gold award for “Best Prepaid Innovation” at
PYMNTS.com’s Innovation Project in March at Harvard University, where
the company also announced the launch of the Western Union® Global Share
platform. The platform enables the company to introduce new stored-value
solutions in markets around the world by joining forces with local
companies. At the event, Western Union also announced partnerships with
six companies to develop solutions to meet a variety of unmet needs.
All of the awards recognize Western Union’s continued excellence in
stored value innovation and the company’s uniquely tailored solutions
that meet unmet needs in the marketplace.
“Western Union is evolving into a multi-product, multi-channel company,”
said Mike Hafer, senior vice president, Global Stored Value. “The
introduction of stored-value solutions like our prepaid accounts is part
of that transformation. Our vision is to be the premier financial
services provider to people with unmet needs, and these awards are proof
that we are making significant progress in achieving that vision.”
Western Union’s stored-value products and services are available in 12
countries, including Argentina, Austria, Costa Rica, El Salvador,
Germany, Guatemala, India, Panama, Peru, the Philippines, UK and the
U.S. For more information, visit www.business.westernunion.com/storedvalue.
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, 2013, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of approximately 515,000 agent locations in 200 countries and
territories. In 2012, The Western Union Company completed 231 million
consumer-to-consumer transactions worldwide, moving $79 billion of
principal between consumers, and 432 million business payments. For more
information, visit www.westernunion.com.
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Source: Western Union