New Relationship Increases Western Union’s Mobile Money Transfer
Network to 19 Deployments in 17 Countries Worldwide
ENGLEWOOD, Colo. & LAGOS, Nigeria--(BUSINESS WIRE)--
The Western Union Company (NYSE: WU), a leader in global payment
services, and eTranzact
International plc, a multi-application and multi-channel electronic
payment processing company, today announced the launch of a new mobile
money transfer service.
Consumers in Nigeria who use the eTranzact Mobile Money platform now
have the option of receiving a Western Union Money Transfer®
transaction on their mobile phones. Consumers can receive funds from
money transfer transactions initiated at westernunion.com
transactional websites in 23 countries, or Western Union Agent locations
around the world.
“Western Union continues to introduce new service offerings to
complement our multi-product, multi-channel strategy,” said Khalid
Fellahi, Senior Vice President and General Manager, Western Union
Digital. “We are very pleased to launch our new relationship with
eTranzact to increase the number of access points for consumers to use
our services worldwide, and provide convenient mobile solutions for
those who want new methods for money transfer transactions. To date, we
have 19 active mobile money transfer deployments in 17 countries, and
remain committed to expanding our mobile service offerings in key
regions.”
eTranzact Mobile Money is a mobile payment solution that has
multi-network interface capabilities with third-party payment programs.
Upon receipt of their funds via a Western Union Money Transfer
transaction, subscribers can use PocketMoni, the eTranzact Mobile Money
platform, to pay utility and cable television bills, make merchant
payments, top-up their mobile phone credits and/or make third party
transfers.
“We are excited to work with Western Union and leverage the power of
their global network on behalf of consumers across Nigeria,” said Mr.
Valentine Obi, Managing Director and Chief Executive Officer, eTranzact.
“PocketMoni, the eTranzact Mobile Money service, is specifically
designed to transform a user’s mobile phone into a highly interactive,
feature-rich payment device, and our relationship with Western Union
will allow for 24/7 access to money transfer transactions. Adding
Western Union money transfer capability to the platform is another step
in building a comprehensive suite of mobile services, and enhances our
customer value proposition.”
For more information on Western Union’s online and 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 June 30, 2013, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of approximately 520,000 agent locations in 200 countries and
territories and approximately 115,000 ATMs. 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.
About eTranzact
eTranzact is Nigeria's first award winning multi-application and
multi-channel electronic transaction switching and payment processing
platform. eTranzact has operations in Nigeria, Ghana, Kenya, Zimbabwe,
South Africa, Cote d'Ivoire, and the UK and is currently expanding
operations to more and more countries in the world. eTranzact was
launched in September 2003, and has today evolved into a brand with
global reach extending its innovative services to include products which
cut across virtually all aspects of the e-payment space; ATM, Internet,
POS, and Mobile. The company has deployed its mobile payment solutions
to banks and non-bank financial institutions alike, and was recently
granted the license by the Central Bank of Nigeria to provide Mobile
Money services to individuals with a special focus on the unbanked. For
more information, visit www.etranzact.com
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Source: Western Union