Western Union Brings Home the Gold with Four Prepaid Awards

Englewood, CO - 9 May 2013

Company garners top honors in U.S., Europe, Asia Pacific

Western Union, a leader in global payments, today announced that it has won four separate awards for its stored-value programs.

The four awards are:

  • A PayBefore Europe Best-in-Category Award for “Best Prepaid Incentive, Reward, Rebate or Loyalty Card Program” for the Western Union MyWU Prepaid Card;
  • The Gold Medal PYMNTS.com Award for “Best Prepaid Innovation,” recognizing the company’s rapid expansion of its stored-value programs in 12 countries;
  • The PayBefore Award for “Best Network-Branded Gift Card,” a nod to the company’s unique “Gift and Greeting Card” program in the U.S.;
  • The Banking & Payments Asia Trailblazer Award for “Product Excellence in Prepaid Payment” for the introduction of general-purpose reloadable (GPR) accounts in the Philippines and India.

Western Union received the Gold award for “Best Prepaid Innovation” at PYMNTS.com’s Innovation Project in March at Harvard University, where the company also announced the launch of the Western Union® Global Share platform. The platform enables the company to introduce new stored-value solutions in markets around the world by joining forces with local companies. At the event, Western Union also announced partnerships with six companies to develop solutions to meet a variety of unmet needs.

All of the awards recognize Western Union’s continued excellence in stored value innovation and the company’s uniquely tailored solutions that meet unmet needs in the marketplace.

“Western Union is evolving into a multi-product, multi-channel company,” said Mike Hafer, senior vice president, Global Stored Value. “The introduction of stored-value solutions like our prepaid accounts is part of that transformation. Our vision is to be the premier financial services provider to people with unmet needs, and these awards are proof that we are making significant progress in achieving that vision.”

Western Union’s stored-value products and services are available in 12 countries, including Argentina, Austria, Costa Rica, El Salvador, Germany, Guatemala, India, Panama, Peru, the Philippines, UK and the U.S.

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