The Western Union Company (WU), a leader in global payment services, and Bancoppel, a leading financial and retail services institution in Mexico, today announced a five-year agreement that paves the way for Bancoppel to offer Western Union global money transfer services.
The Western Union services will be offered at nearly 1,000 Bancoppel locations across Mexico and will initially be available in stages across select locations, followed by a nationwide rollout.
"Mexico is a strategic market for Western Union," said Odilon Almeida, president, Americas, Western Union. "We see a great opportunity to expand in Mexico through existing and new Agent relationships such as Bancoppel - while combining the strengths of our global brand and network to offer innovative financial solutions to consumers and businesses."
"As part of Grupo Coppel, we share the commitment to provide exceptional customer service to the traditionally financial underserved population, understanding their needs and providing financial products tailored to their own lifestyles, such as credit and debit cards, checking accounts, personal loans, and investment instruments," said Julio Carranza, chief executive officer of Bancoppel. "This approach is why our relationship with Western Union will help give our mutual customers more options, and the high quality service, that helps fulfill their financial services needs."
Western Union has remained committed to the Mexico market, providing dependable financial services. Today, Western Union, Vigo and Orlandi Valuta services are offered in Mexico through a strategically combined network of Agent locations that include banks, national retail chains and independent locations. Western Union, in conjunction with its Orlandi Valuta and Vigo brands, connects consumers in Mexico to more than 510,000 Agent locations across 200 countries and territories.