27 July 2017
Download the paper now.

Canadian mobile money venture Zoompass to offer international remittances

23 September 2010  |  7163 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  |  8960 views  |  0 comments
Canadian contactless mobile sticker trial planned

Canadian contactless mobile sticker trial planned

03 March 2010  |  9642 views  |  0 comments
Western Union to launch mobile remittance service in Malaysia

Western Union to launch mobile remittance service in Malaysia

05 October 2009  |  10011 views  |  0 comments
Fifth Third joins Western Union money transfer network

Fifth Third joins Western Union money transfer network

20 July 2009  |  6246 views  |  0 comments
Western Union to extend mobile remittance network with Orascom

Western Union to extend mobile remittance network with Orascom

20 October 2008  |  8381 views  |  0 comments
Western Union pilots mobile remittance systems in the Philippines

Western Union pilots mobile remittance systems in the Philippines

30 January 2008  |  11009 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  |  8988 views  |  0 comments
Western Union pushes mobile fund transfers

Western Union pushes mobile fund transfers

19 October 2007  |  7706 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.finastra.comdownload the paper nowvisit www.www.fisglobal.com

Top topics

Most viewed Most shared
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
10813 views comments | 7 tweets | 6 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
10311 views comments | 10 tweets | 6 linkedin
Yet more deals announced in payments sectorYet more deals announced in payments secto...
9755 views comments | 7 tweets | 21 linkedin
Machines could take over 30% of bank jobs: McKinseyMachines could take over 30% of bank jobs:...
9736 views comments | 28 tweets | 28 linkedin
Wells Fargo Control Tower to map customer's digital footprintsWells Fargo Control Tower to map customer'...
8398 views comments | 7 tweets | 5 linkedin