Western Union Digital Money Transfers Now Live from Mexico to World

ENGLEWOOD, Colo. & MEXICO CITY–(BUSINESS WIRE)–The
Western Union Company
(NYSE: WU), a leader in cross-border and
cross-currency money movement, today launched the Western Union® mobile
app with omni-channel choice, enabling customers in Mexico to send
digital money transfers to more than 200 countries and territories.

Mexico is the latest country enabled for international digital money
transfers, after Brazil, Jamaica and Panama in the Latin America and
Caribbean region, as Western Union accelerates its digital penetration
with plans to expand to more than 200 countries and territories.

Customers in Mexico can now send money via the Western
Union mobile app
(iOS and Android) and choose payments options of
card in-app or cash and pay at retail. Customers also have the choice to
send international money transfers at select retail locations.

“We are pleased to extend our digital footprint to include Mexico –
offering customers the choice to send money 24/7 world-wide,” said Khalid
Fellahi
, General Manager, Western Union Digital.

“Mexico now has the best of our rare combination of physical and digital
capabilities –with the option to receive global money transfers at more
than 33,000 retail locations or into almost every Mexican bank from the
United States and the ability to send money effortlessly to almost every
country in the world.”

While Mexico is the fourth largest receiver of money globally in the
form of remittances – its economy is becoming more globally
interconnected with individuals going abroad for education and other
lifestyle reasons. In 2017, Mexico residents sent $806 million dollars1
abroad, according to Mexico’s Central Bank, to countries such as the
U.S., Argentina, Canada, Ecuador, and Colombia.

Using the new Western Union mobile app, customers in Mexico can send up
to USD $2,999.99 paying a flat fixed rate of USD $5. **

About Western Union’s Cross-Border Platform

Western Union’s cross-border, cross-currency money movement platform –
including a robust digital footprint, settlement, treasury and
compliance infrastructure, and a vast global retail network of over half
a million locations – sets the standard for international money
movement. With operations in 200 countries and territories, Western
Union’s platform processes an average of 32 transactions every second
and moves $300 billion a year across 130 currencies.

Connecting the digital and physical worlds of money, Western Union’s
technology stack, APIs, foreign exchange and settlement engine, agent
network, anti-money laundering and fraud detection capabilities make it
one of the largest digital and physical money movers for consumers
around the globe. The company offers digital transactions in 45
countries. Approximately 70% of Western Union’s digital transactions
globally (75% in the U.S.) now originate on mobile devices.

Customer Guidance

New customers are required to register with Western Union’s customer
database — by visiting Western Union’s more than 8,000 Agent locations
that currently offer the outbound service and providing a
government-issued ID upon registration. All transactions can be
completed digitally, and funds will become available for the receiver in
a matter of minutes* to be picked up in more than 550,000
Agent locations across the globe. The customer can also complete payment
at retail.

WU-G

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* Service and funds availability depend on certain factors including
the Service selected, the selection of delayed delivery options, special
terms applicable to each Service, amount sent, destination country,
currency availability, regulatory issues, consumer protection issues,
identification requirements, delivery restrictions, agent location
hours, and differences in time zones (collectively, “Restrictions”).

** Western Union also makes money from currency exchange. When
choosing a money transmitter, carefully compare both transfer fees and
exchange rates. Fees, foreign exchange rates and taxes may vary by
brand, channel, and location based on a number of factors. Fees and
rates subject to change without notice. Currently accepted credit cards
include only Visa and Mastercard. VAT not included. In case of credit
cards, the issuing bank might charge an additional fee for the service.

About Western Union

The Western Union Company (NYSE: WU) is a global leader in cross-border,
cross-currency money movement. Our omnichannel platform connects the
digital and physical worlds and makes it possible for consumers and
businesses to send and receive money and make payments with speed, ease,
and reliability. As of June 30, 2018, our network included over 550,000
retail agent locations offering Western Union, Vigo or Orlandi Valuta
branded services in more than 200 countries and territories, with the
capability to send money to billions of accounts. Additionally,
westernunion.com, our fastest growing channel in 2017, is available in
45 countries and territories to move money around the world. In 2017, we
moved over $300 billion in principal in nearly 130 currencies and
processed 32 transactions every second across all our services. With our
global reach, Western Union moves money for better, connecting family,
friends and businesses to enable financial inclusion and support
economic growth. For more information, visit www.westernunion.com.

1 Banco de México, http://www.banxico.org.mx/

Contacts

Western Union
Western Union Latin America & Caribbean:
Jillian
Gelok, +1 786-857-5106
jillian.gelok@wu.com
or
Press
Office in Mexico
:
Fleishman Hillard
Sofia Gomez Pedroso,
+52 55 5540 6031 ext. 261
sofia.gomezpedroso@fleishman.com

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