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Western Union and Mercado Pago Alliance Extends to the United States and Canada | Fintech Finance News

February 21 2024

Western Union and Mercado Pago Alliance Extends to the US and Canada

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Western Union and Mercado Pago today announced growth in their existing relationship, giving United States and Canadian customers ability to send money from Western Union’s mobile app, its website, or from one of its retail locations to Mercado Pago wallet accounts in Mexico.

The new capability not only extends the geographic reach and level of choice for the companies’ customers, but also provides speed and convenience. Once sent, the money is credited in Mercado Pago accounts without leaving the comforts of home.

“The growth of our relationship confirms that we are improving a vital transaction for millions of families in Mexico. Our goal is to become the best banking app to receive remittances in Mexico and now with this development, we can also become the simplest option for those who send remittances from the United States and Canada,” celebrated Pedro Rivas, General Manager, Mercado Pago Mexico.

The agreement with Mercado Pago reinforces Western Union’s leadership role helping Mexicans conveniently send money worldwide over digital and retail channels.

“Western Union and Mercado Pago collectively share a mission to increase customers’ access to digital and traditional financial services,” said Claudia Reyes, Vice President and General Manager, Western Union Mexico. “As we build on growth and innovation across Mexico and its key corridors, we are excited to continue our work with Mercado Pago while providing choice across digital and physical channels for our customers.”

Once customers send money using the Western Union app, Mercado Pago wallet account holders in Mexico can easily withdraw cash for free with a debit card in thousands of ATMs and stores, use the funds to pay for services directly through the Mercado Pago application or transfer funds to others.

People In This Post

Claudia Reyes

Claudia Reyes

Western Union
Pedro Rivas | Fintech Finance News

Pedro Rivas

Mercado Pago

Companies In This Post

Western Union

Western Union
Mercado Pago

Mercado Pago
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