Western Union Partners Bancoppel - Analyst Blog
18 4월 2013 - 11:40PM
Zacks
Recently, The Western Union
Company (WU), a leading financial services and
communications business has inked a five-year agreement with a
Mexican financial and retail services institution – Bancoppel. The
deal allows Bancoppel to offer Western Union global money transfer
services.
As per the deal, Bancoppel will
provide Western Union services at about 1,000 locations across
Mexico. However, initially the services will be offered at select
locations and gradually will be available in all other
locations.
The liaison will help Western Union
to target the 22 million customers of Bancoppel thereby enhancing
its clientele base. The company will combine its expertise and
knowledge to provide innovative and advanced services to the
prospective clients. Bancoppel’s focus on providing customized
services to its clients by understanding their needs will also
expose mutual customers to a wide range of high quality financial
services.
Western Union in consortium with
its Vigo and Orlandi Valuta brands provide service worldwide
through more than 510,000 Agent locations across 200 countries and
territories. The combined network of agent locations consists of
banks, national retail chains and independent locations.
However, Western Union’s Mexican
operations suffered a loss of more than 7,000 agent locations in
2012. The loss was because of the changes in its compliance related
activities on account of a deal with the State of Arizona. The
business model modification and price reductions also led to the
decline. The company now aims at recouping its business in Mexico
through the partnership with Bancoppel.
Partnerships undertaken by the
company aim to comply with its business expansion objective.
Previously, in order to expand its Argentinean footprint, the
company entered a money transfer and bill payment agreement with a
leading retailer in the country – Carrefour Argentina, in Feb
2013.
Western Union currently carries a
Zacks Rank #3 (Hold). Among others in the industry, Weight
Watchers International Inc. (WTW) carries a favorable
Zacks Rank #1 (Strong Buy) while H&R Block
Inc. (HRB) and American Express Company
(AXP) carry a Zacks Rank #2 (Buy).
AMER EXPRESS CO (AXP): Free Stock Analysis Report
BLOCK H & R (HRB): Free Stock Analysis Report
WEIGHT WATCHERS (WTW): Free Stock Analysis Report
WESTERN UNION (WU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Western Union (NYSE:WU)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Western Union (NYSE:WU)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024