Western Union and Millicom Join Forces to Offer Cross-Border Mobile Money Transfer Services in Latin America
28 2월 2012 - 4:00PM
Business Wire
Western Union (NYSE: WU), a leader in global payment services,
and Millicom International Cellular S.A. (Stockholmsb�rsen: MIC), a
leading mobile operator in 13 markets across Latin America and
Africa operating under the Tigo brand, announced today at the
Mobile World Congress the signing of an agreement to introduce
cross-border mobile money transfers in Latin America.
The first cross-border money transfer service under this
agreement will be launched soon in Paraguay under the Giros Tigo
brand (Tigo Cash). Millicom will then be able to offer its
customers in Paraguay the ability to receive money across borders
using their mobile phones.
The service will be rolled out over time in other markets in
Latin America. This agreement will allow millions of Tigo customers
to benefit from Western Union’s extensive network of more than
450,000 agent locations across 200 countries and territories,
whilst Western Union will deepen its distribution reach in the
markets in which Millicom operates.
“We’re excited to join forces with Millicom, our first mobile
money partner in Latin America,” said Diane Scott, chief marketing
officer and president, Western Union Ventures. “As a leader in
moving money around the world via a variety of channels — retail
and electronic — it’s important that we continue to evolve and
expand our services so they are even more convenient to use and
accessible to as many people as possible. We’re uniquely positioned
to do this with our network of more than 450,000 agent locations,
long-standing experience in moving money, and agreements with
leading telecommunications groups like Millicom.”
“We are pleased to be the first in Latin America to be launching
a cross-border money transfer service in partnership with Western
Union,” said Marcelo Cataldo, Head of Mobile Financial Services,
Millicom Latin America. “We continuously strive to offer our
customers useful and affordable services, from communication to
entertainment and mobile financial services. In Paraguay, we have
been offering mobile financial services for over 18 months and, in
the last quarter of 2011, around 20% of our customers used these
facilities. With the addition of cross-border mobile money transfer
services which we will soon provide in conjunction with Western
Union, we aim to bring additional benefits to a growing number of
our customers in Latin America.”
Specific services under this agreement will vary by country, but
over time, Tigo customers in most of Millicom’s Latin American
markets will be able to receive money from Western Union customers
directly into their mobile accounts. They will also be able to cash
out transactions at any Tigo location offering the Giros Tigo
facility.
Western Union offers its Mobile Money Transfer service in
Bangladesh, Canada, Kenya, Madagascar, Malaysia, the Philippines,
Tanzania and the U.S.
Millicom offers Mobile Financial Services and in particular
in-market money transfers in Paraguay, El Salvador, Guatemala,
Honduras, Tanzania, Ghana and Rwanda and will extend its offering
to more services and into more markets over time.
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
December 31, 2011, the Western Union, Vigo and Orlandi Valuta
branded services were offered through a combined network of
approximately 485,000 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.
About Millicom
Millicom International Cellular S.A. (Stockholmsb�rsen: MIC) is
a global telecommunications group with mobile telephony operations
in 13 countries in Central America, South America and Africa. It
also operates various combinations of fixed telephony, cable and
broadband businesses in five countries in Central America. The
Group’s mobile operations have a combined population under license
of approximately 265 million people. At YE 2011, Millicom had in
excess of 43m customers served by over 680,000 points of sale
across its mobile footprint of 13 countries, namely: El Salvador,
Guatemala, Honduras, Bolivia, Colombia, Paraguay, Chad, Democratic
Republic of Congo, Ghana, Mauritius, Rwanda, Senegal and Tanzania.
For more information, visit www.millicom.com.
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