Western Union Continues to Expand in Mobile Sector; Collaborates with eTranzact to Offer Mobile Mone
Western Union Continues to Expand in Mobile Sector; Collaborates with eTranzact to Offer Mobile Money Transfer Services to Nigeria
New Relationship Increases Western Union's Mobile Money Transfer Network to 19 Deployments in 17 Countries Worldwide
ENGLEWOOD, Colo. & LAGOS, Nigeria--(BUSINESS WIRE)-- The Western Union Company (NYS: WU) , a leader in global payment services, and eTranzact International plc, a multi-application and multi-channel electronic payment processing company, today announced the launch of a new mobile money transfer service.
Consumers in Nigeria who use the eTranzact Mobile Money platform now have the option of receiving a Western Union Money Transfer® transaction on their mobile phones. Consumers can receive funds from money transfer transactions initiated at westernunion.com transactional websites in 23 countries, or Western Union Agent locations around the world.
"Western Union continues to introduce new service offerings to complement our multi-product, multi-channel strategy," said Khalid Fellahi, Senior Vice President and General Manager, Western Union Digital. "We are very pleased to launch our new relationship with eTranzact to increase the number of access points for consumers to use our services worldwide, and provide convenient mobile solutions for those who want new methods for money transfer transactions. To date, we have 19 active mobile money transfer deployments in 17 countries, and remain committed to expanding our mobile service offerings in key regions."
eTranzact Mobile Money is a mobile payment solution that has multi-network interface capabilities with third-party payment programs. Upon receipt of their funds via a Western Union Money Transfer transaction, subscribers can use PocketMoni, the eTranzact Mobile Money platform, to pay utility and cable television bills, make merchant payments, top-up their mobile phone credits and/or make third party transfers.
"We are excited to work with Western Union and leverage the power of their global network on behalf of consumers across Nigeria," said Mr. Valentine Obi, Managing Director and Chief Executive Officer, eTranzact. "PocketMoni, the eTranzact Mobile Money service, is specifically designed to transform a user's mobile phone into a highly interactive, feature-rich payment device, and our relationship with Western Union will allow for 24/7 access to money transfer transactions. Adding Western Union money transfer capability to the platform is another step in building a comprehensive suite of mobile services, and enhances our customer value proposition."
For more information on Western Union's online and digital capabilities, including mobile applications and mobile money transfer services, please visit www.westernunion.com.
About Western Union:
The Western Union Company (NYS: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of June 30, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 520,000 agent locations in 200 countries and territories and approximately 115,000 ATMs. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com.
eTranzact is Nigeria's first award winning multi-application and multi-channel electronic transaction switching and payment processing platform. eTranzact has operations in Nigeria, Ghana, Kenya, Zimbabwe, South Africa, Cote d'Ivoire, and the UK and is currently expanding operations to more and more countries in the world. eTranzact was launched in September 2003, and has today evolved into a brand with global reach extending its innovative services to include products which cut across virtually all aspects of the e-payment space; ATM, Internet, POS, and Mobile. The company has deployed its mobile payment solutions to banks and non-bank financial institutions alike, and was recently granted the license by the Central Bank of Nigeria to provide Mobile Money services to individuals with a special focus on the unbanked. For more information, visit www.etranzact.com
Andrew Silver, +1 720-332-4119
Kizito Lundu, +27-071-679-5501
Adeyemi Opene, +234-803-7257-569
KEYWORDS: United States North America Nigeria Colorado Africa
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