Enters into New Money Transfer Agreement with Banco Ahorro Famsa to Offer Western Union, Vigo and Orlandi Valuta
The Western Union Company (NYSE: WU), a leader in global payment services and Banco Ahorro Famsa, have announced an agreement to offer the Western Union® global money transfer service across 300 Banco Ahorro Famsa locations in Mexico starting November.
Banco Ahorro Famsa also will offer consumers Vigo and Orlandi Valuta services.
“It is a great honor for GRUPO FAMSA to work with Western Union. Our company will now offer Western Union Money Transfers – providing consumers, who send money to Mexico, with a new practical payout option that brings families closer,” said Enrique Canseco, commercial director, Banco Ahorro Famsa.
Founded more than 40 years ago and based in Monterrey, Nuevo Leon, Mexico, GRUPO FAMSA offers financial services that include money, mortgage loans, credit cards and investments, among other services.
“As a leader in global payment services, Western Union is open for business in Mexico and we continue to diversify and grow our Agent network to provide consumers with fast, reliable and convenient money transfer services,” said Luis Felipe Rodríguez, vice president and general manager Mexico, Western Union.
"Mexico is a strategic market for the company. Our expanding global money movement network provides consumers more ways to move money quickly to more destinations worldwide. We see a great opportunity to expand in Mexico through existing and new Agent relationships such as Banco Ahorro Famsa – allowing us to serve customers better and faster through our world-class brand, and the exceptional customer experience Western Union is known for around the globe.”
Over the last century Western Union has remained committed to the Mexico market, providing dependable financial services. Today, Western Union, VigoSM and Orlandi Valuta®services are offered in Mexico through a strategically combined Agent network that include banks, national retail chains and independent locations.
The Western Union Company, through its Western Union, Orlandi Valuta and Vigo branded services, connects consumers in Mexico to more than 510,000 Agent locations across 200 countries and territories.