22 October 2017
visit www.avoka.com

Canadian mobile money venture Zoompass to offer international remittances

23 September 2010  |  7258 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  |  9013 views  |  0 comments
Canadian contactless mobile sticker trial planned

Canadian contactless mobile sticker trial planned

03 March 2010  |  9736 views  |  0 comments
Western Union to launch mobile remittance service in Malaysia

Western Union to launch mobile remittance service in Malaysia

05 October 2009  |  10105 views  |  0 comments
Fifth Third joins Western Union money transfer network

Fifth Third joins Western Union money transfer network

20 July 2009  |  6321 views  |  0 comments
Western Union to extend mobile remittance network with Orascom

Western Union to extend mobile remittance network with Orascom

20 October 2008  |  8436 views  |  0 comments
Western Union pilots mobile remittance systems in the Philippines

Western Union pilots mobile remittance systems in the Philippines

30 January 2008  |  11190 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  |  9067 views  |  0 comments
Western Union pushes mobile fund transfers

Western Union pushes mobile fund transfers

19 October 2007  |  7767 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.niceactimize.comvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
14441 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13027 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9778 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9647 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8785 views comments | 9 tweets | 18 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job