ENGLEWOOD, Colo. & Mexico, DF--(BUSINESS WIRE)--As part of its expansion strategy in Mexico, The Western Union Company (NYSE: WU), a leader in global payment services, today announced an agreement with Walmart de Mexico y Centroamérica to offer international money transfer services under the Western Union®, Vigo® and Orlandi ValutaSM brands throughout Mexico.
Customers will be able to receive their money transfer transactions across 1,266 Bodega Aurrera, Mi Bodega Aurrera, Walmart, Superama and Suburbia stores in all of Mexico’s 31 states and in Mexico City, during store hours, 365 days a year. The companies expect to activate services during the third quarter of 2016.
Odilon Almeida, President, Americas and European Union said: "We are delighted to continue expanding our presence across the globe, in alliance with some of the largest—and most reputable—banks, postal services and retailers in the world, to bring our customers a trusted network of Agents to enable money transfer services. Our expertise in the money transfer industry, coupled with Walmart’s wide network presence in Mexico will offer a powerful value proposition for our customers.”
Western Union analysis shows that speed, convenience and the urgent flow of resources to family and loved ones are important to both send and receive consumers. Western Union has operated in Mexico for the past two decades and currently has a network of nearly 13,600 Western Union, Vigo and Orlandi Valuta branded Agent locations in the country. The company has just announced its money transfer services can now be directed from the US to almost 100% of Mexican bank accounts.
Note: Walmart will continue to offer services from other money transfer providers.
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 March 31, 2016, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to over a billion accounts. In 2015, The Western Union Company completed 262 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 508 million business payments. For more information, visit www.westernunion.com.
About Walmart de México y Centroamérica
Walmart de México y Centroamérica is a company dedicated to the commercial sector whose vision is to contribute to improving the quality of life of families in Mexico and Central America. It operates in six countries: Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Nicaragua. It has a wide variety of formats, including: discount stores (Bodega Aurrera Express, Despensa Familiar and Palí), supermarkets (Superama, Supertienda Paiz, La Despensa de Don Juan, La Unión and Masxmenos), wineries (Bodega Aurrera, Mi Bodega Aurrera, Maxi Palí and Maxi Despensa), hypermarkets (Walmart), with membership warehouse clubs (Sam's Club) and clothing stores (Suburbia), which at June 6, 2016 totaled 3,065 units. In 2015, Walmart de México y Centroamérica reported sales exceeding 485.8 billion pesos. Find us on Facebook http://www.walmartmexicoycam.com (Walmart de México y Centroamérica) and Twitter (@WalmartMXyCAM).
