26 April 2018
visit www.nextgenbanking.co.uk

Canadian mobile money venture Zoompass to offer international remittances

23 September 2010  |  7365 views  |  0 mobile

Enstream, the Canadian telco-led m-commerce joint venture is partnering with Western Union to deliver cross-border money transfer options to Zoompass mobile money users.

With the launch of the service later this year, Zoompass users in Canada will be able to send funds directly from their mobile wallets. Recipients will be able to pick up their cash at more than 380,000 Western Union Agent locations in 200 countries and territories.

Cross-border mobile-to-mobile transfers will also be available via Western Union alliance partners Globe Telecom and Smart Communications in the Philippines.

Mobile users can currently send and receive money within Canada using the Zoompass wallet application for the Apple iPhone, BlackBerry, Android, and other devices. The system was released in June last year through a joint venture between Canadian wireless operators, Bell Canada, Rogers Communications and Telus.

Robin Dua, president of EnStream, says: "International remittances are a logical extension of the Zoompass functionality, and they build on our vision to give every Canadian mobile subscriber the ability to send money to anyone, anywhere in the world."

The deal marks a a breakthrough for Western Union's mobile money operation, which has so far constructed alliances with wireless operators in developing countries.

Brian Fox, Western Union SVP and general manager for Canada, says: "This is our first strategic alliance with a mobile operator consortium in a country where 96% of the population has a bank account."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Western Union to cut 175 jobs and consolidate operations

Western Union to cut 175 jobs and consolidate operations

27 May 2010  |  9117 views  |  0 comments
Canadian contactless mobile sticker trial planned

Canadian contactless mobile sticker trial planned

03 March 2010  |  9924 views  |  0 comments
Western Union to launch mobile remittance service in Malaysia

Western Union to launch mobile remittance service in Malaysia

05 October 2009  |  10228 views  |  0 comments
Fifth Third joins Western Union money transfer network

Fifth Third joins Western Union money transfer network

20 July 2009  |  6445 views  |  0 comments
Western Union to extend mobile remittance network with Orascom

Western Union to extend mobile remittance network with Orascom

20 October 2008  |  8506 views  |  0 comments
Western Union pilots mobile remittance systems in the Philippines

Western Union pilots mobile remittance systems in the Philippines

30 January 2008  |  11357 views  |  0 comments
Western Union and Bharti Airtel to pilot mobile remittance system

Western Union and Bharti Airtel to pilot mobile remittance system

30 November 2007  |  10000 views  |  0 comments
Western Union pushes mobile fund transfers

Western Union pushes mobile fund transfers

19 October 2007  |  7849 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukvisit www.ebaday.com

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
15541 views comments | 21 tweets | 28 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
10211 views comments | 28 tweets | 36 linkedin
Irish central bank tunes in to fintechIrish central bank tunes in to fintech
9404 views comments | 20 tweets | 21 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
9156 views comments | 20 tweets | 37 linkedin
JPMorgan to roll out Voice ID; begins branch expansionJPMorgan to roll out Voice ID; begins bran...
8647 views comments | 6 tweets | 8 linkedin

Featured job

(GBP Equivalent) Six-Figure Base + OTE + Benefits
New York City, NY - USA

Find your next job