MEXICO CITY--(BUSINESS WIRE)--The Western Union Company (NYSE: WU), a leader in global payments services, today announces a renewed alliance between its global payments business line, Western Union Business Solutions and Banco Monex, one of Mexico’s largest cross-border payment providers. The new commercial alliance will provide Banco Monex’s clients with enhanced payment distribution options by tapping into Western Union Business Solution’s global payment infrastructure, which provides the bank the ability to send payments in 130 currencies and receive in over 40 currencies globally, quickly and with great traceability.
“For Monex it’s a great alliance and will become another option in the services we strongly provide to our clients for the last 33 years,” said Jorge Hierro, Monex’s Deputy General Manager of Operations and Finance.
“We are proud to partner with Banco Monex to further enhance their cross-border payment capabilities,” said Alfred Nader, Vice President of Western Union Business Solutions for the Latin America and Caribbean region. “Banco Monex have already distinguished themselves as the Mexican leader in cross-border payments by being at the forefront of payment technology adoption. This next step simply cements their position in the Mexican marketplace.”
Western Union Business Solutions gives financial institutions across Latin America and the world the ability to expand their current international payment offering by combining access to its award-winning technology and with its comprehensive payment network. For more information or to request a demonstration, please visit our website.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement. Our omnichannel platform connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of June 30, 2018, our network included over 550,000 retail agent locations offering Western Union, Vigo or Orlandi Valuta branded services in more than 200 countries and territories, with the capability to send money to billions of accounts. Additionally, westernunion.com, our fastest growing channel in 2017, is available in 45 countries and territories to move money around the world. In 2017, we moved over $300 billion in principal in nearly 130 currencies and processed 32 transactions every second across all our services. With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth. For more information, visit www.westernunion.com.
