24 October 2016
Find out more

Western Union extends pre-paid receive card programme to Costa Rica and Guatemala

31 January 2013  |  1574 views  |  0 Source: Western Union

The Western Union Company (WU), a global leader in financial services, today announced that it has extended its prepaid receive card program to Costa Rica and Guatemala.

The card, launched in El Salvador last year, strategically leverages the global Western Union Agent network.

The card, offered together with AirPak, Western Union's Agent in Central America, allows receivers of Western Union Money Transfer® transactions to put all or part of those funds onto a prepaid MasterCard. The cards can be used wherever MasterCard is accepted worldwide, including ATMs.

According to the World Bank, Guatemalans received $4.5 billion in remittances last year, and just 22 percent have a bank account; Costa Ricans received more than $585 million in remittances last year, and half of the population has a bank account.

"This card has been very successful in El Salvador," said Mike Hafer, SVP, Global Stored Value, Western Union. "Customers have told us that the card is easy to use anywhere MasterCard is accepted. We are excited about the continued expansion of the program in Central America, where there is strong consumer acceptance of stored-value solutions and a documented need for greater financial inclusion."

With the addition of Costa Rica and Guatemala, Western Union's stored-value products and services are now available in 12 countries, including Argentina, Austria, El Salvador, Germany, India, Panama, Peru, the Philippines, UK and the U.S. 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.i2cinc.comVisit www.dh.comVisit capgemini.com

Top topics

Most viewed Most shared
The bank of the future will be invisible - KPMGThe bank of the future will be invisible -...
37033 views comments | 128 tweets | 238 linkedin
Barclays and Citi test blockchain tech for equity swaps processingBarclays and Citi test blockchain tech for...
8599 views comments | 26 tweets | 19 linkedin
ING takes fintech startup route to UK relaunchING takes fintech startup route to UK rela...
7174 views comments | 29 tweets | 22 linkedin
hands typing furiouslyGoodbye, Santander! The end of a banking l...
6874 views 11 | 5 tweets | 1 linkedin
Indian banks hit by massive ATM breachIndian banks hit by massive ATM breach
6865 views comments | 16 tweets | 25 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job