- Western Union, a leading international money transfer provider, has confirmed that it will work with Mexico-based supermarket group Tiendas Neto as part of a new push towards cross-border payments.
- There will be multiple payout options available for customers who are using the new service.
- “We are extremely excited to add Western Union’s industry-leading global financial services platform to our portfolio, providing a convenient and reliable channel for our customers to send remittances,” said a senior source at Tiendas Neto.
Western Union, a leading international money transfer provider, has announced a new cross-border payments service with Mexican supermarket chain Tiendas Neto.
Clients who are accessing the new service will be able to opt for their money to be distributed to bank accounts, mobile wallets or Western Union’s network of retail locations worldwide.
Pablo Porro, a senior figure at Western Union Mexico and Central America, said that the firm aimed to allow people to build connections between each other and that the collaboration would help expand its growth.
“Western Union’s goal of enabling millions of connections between family and loved ones to send or receive money globally and locally continues to grow, while evolving our offerings to include expanded digital services and a streamlined retail customer experience,” he said.
“Teaming with Tiendas Neto will help us continue to expand our operations across Mexico, while adding more convenience for our customers by giving them the opportunity to send or receive remittances closer to or from their homes.”
Luis Gerardo Ruíz Ojeda, the general manager at Tiendas Neto, said that the company was “extremely excited” about what was to come.
“We are extremely excited to add Western Union’s industry-leading global financial services platform to our portfolio, providing a convenient and reliable channel for our customers to send remittances,” he explained.
He also emphasised the fact that Western Union was highly trusted when it came to brand recognition.
“In doing so, our consumers can now send money to friends and family from any of our locations using one of the most trusted brands in the world,” he added.
The new move comes against a backdrop of high demand for remittance services in Mexico, according to figures.
One study found that in 2021, the firm received more than $51bn in inward remittances.
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