Western Union and Mercado Pago today announced an expansion to their existing relationship, enabling customers in the United States and Canada to send money from Western Union’s mobile app, its website or from one of its retail locations in Mercado Pago wallet accounts in Mexico.
The new feature not only expands the geographic reach and level of choice for the companies’ customers, but also provides speed and convenience. Once sent, the money is credited to 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 for receiving remittances in Mexico, and now with this development, we can also become the simplest choice for those sending remittances from the United States and Canada,” explained Pedro Rivas, General Manager, Mercado Pago Mexico. .
The deal with Mercado Pago reinforces Western Union’s leadership role in helping Mexicans send money around the world through digital and retail channels.
“Western Union and Mercado Pago collectively share a mission to increase customer 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 choices 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 at thousands of ATMs and stores, use the money to pay for services directly through the Mercado app Pago or transfer money to others.