Western Union and Mercado Pago Alliance Extends to the United States and Canada
21 Febbraio 2024 - 2:00PM
Business Wire
- Customers in the two countries can now send money directly
to Mercado Pago wallet accounts in Mexico using a new feature in
the Western Union mobile app, its website, or from one of its
retail locations.
Western Union and Mercado Pago today announced growth in their
existing relationship, giving United States and Canadian customers
ability to send money from Western Union’s mobile app, its website,
or from one of its retail locations to Mercado Pago wallet accounts
in Mexico.
The new capability not only extends the geographic reach and
level of choice for the companies’ customers, but also provides
speed and convenience. Once sent, the money is credited in Mercado
Pago accounts without leaving the comforts of home.
“The growth of our relationship confirms that we are improving a
vital transaction for millions of families in Mexico. Our goal is
to become the best banking app to receive remittances in Mexico and
now with this development, we can also become the simplest option
for those who send remittances from the United States and Canada,”
celebrated Pedro Rivas, General Manager, Mercado Pago Mexico.
The agreement with Mercado Pago reinforces Western Union’s
leadership role helping Mexicans conveniently send money worldwide
over digital and retail channels.
“Western Union and Mercado Pago collectively share a mission to
increase customers’ access to digital and traditional financial
services,” said Claudia Reyes, Vice President and General Manager,
Western Union Mexico. “As we build on growth and innovation across
Mexico and its key corridors, we are excited to continue our work
with Mercado Pago while providing choice across digital and
physical channels for our customers.”
Once customers send money using the Western Union app, Mercado
Pago wallet account holders in Mexico can easily withdraw cash for
free with a debit card in thousands of ATMs and stores, use the
funds to pay for services directly through the Mercado Pago
application or transfer funds to others.
About Western Union
The Western Union Company (NYSE: WU) is committed to helping
people around the world who aspire to build financial futures for
themselves, their loved ones and their communities. Our leading
cross-border, cross-currency money movement, payments and digital
financial services empower consumers, businesses, financial
institutions and governments—across more than 200 countries and
territories and nearly 130 currencies—to connect with billions of
bank accounts, millions of digital wallets and cards, and a global
footprint of hundreds of thousands of retail locations. Our goal is
to offer accessible financial services that help people and
communities prosper. For more information, visit
www.westernunion.com.
About Mercado Pago
Mercado Pago is the largest Latin American fintech company in
the region. Founded in 2003, it offers the most complete ecosystem
of financial solutions for those companies, enterprises or
individuals who want to manage their money in a safe, simple, and
comfortable way with a great variety of possibilities in Argentina,
Brazil, Chile, Colombia, Mexico, Peru. and Uruguay. Currently, it
processes more than 8 million transactions per day; 100
transactions per second.
The Mercado Pago app is the most complete digital wallet in the
region: it allows you to carry out multiple financial operations
such as paying in physical stores with a QR code, receiving returns
for the digital balance, paying for services and taking a loan
without having a bank account.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240221562016/en/
Mercado Pago Media Contacts Pablo Amair, Mercado Pago
México: pablo.amair@mercadolibre.com.mx Fernanda Larrea, PRP,
México: fernanda.larrea@prp.com.mx
Western Union Media Contacts Brad Jones, Western Union:
Bradley.Jones@wu.com Arturo Garcia, FleishmanHillard, México:
arturo.garcia@fleishman.com Adriana Tapiam, FleishmanHillard,
México: adriana.tapia@fleishman.com
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