Western Union Co. (WU) on Monday announced the start of on-the-ground operations in Latin America's largest nation, creating a commercial bank and a foreign exchange brokerage in Brazil.

In addition to the newly established banking and brokerage operations, Western Union plans to introduce new direct-to- consumer financial services, including domestic money transfers and consumer bill payments, the company said in a press release.

The bank didn't unveil the volume of money to be invested in Brazil.

Previously, Western Union operated in Brazil only through local agents. The bank said the existing network of agents will work side-by-side with the new direct Western Union services.

"To meet the growing opportunities that the Brazilian market offers, Western Union will continue to work closely with its bank, exchange broker and retail agents in Brazil to bring a diversified range of reliable and convenient financial services that complement our money transfer business," the bank said.

-By Rogerio Jelmayer, Dow Jones Newswires; 5511-3544-7071; rogerio.jelmayer@dowjones.com

Western Union (NYSE:WU)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024 Western Union 차트를 더 보려면 여기를 클릭.
Western Union (NYSE:WU)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024 Western Union 차트를 더 보려면 여기를 클릭.