ENGLEWOOD, Colo., & TORONTO--(EON: Enhanced Online News)--The Western Union Company (NYSE: WU), a leader in global payment services, and EnStream LP, creators of the Zoompass Mobile Wallet™, today announced a strategic alliance that will allow Zoompass users to send cross-border and domestic money transfers directly from their mobile phones.
“Western Union is a global leader in money-transfer services”
EnStream is a mobile-commerce joint venture company owned by Bell Canada, Rogers Communications and TELUS Corp., Canada’s three leading national wireless operators. Zoompass provides Canadians with an innovative way to send, receive and request digital currency within Canada using their mobile phones.
With the launch of the service later this year, Zoompass users in Canada will be able to send funds directly from their mobile wallets. Recipients will be able to pick up their funds in cash at more than 380,000 Western Union Agent locations in 200 countries and territories.
Zoompass users also will be able to send mobile-to-mobile transactions to subscribers of mobile phone companies with whom Western Union has launched the Mobile Money Transfer service. This includes Globe Telecom and Smart Communications in the Philippines.
The launch of the service later this year will mark the first time that Canadians can send cross-border mobile money transfers with Western Union. Mobile users can currently send and receive money within Canada using the Zoompass wallet application for the Apple iPhone, BlackBerry, Android, and other devices. The Zoompass Wallet application can be downloaded by visiting www.zoompass.com on a mobile device or on the web.
“Western Union is an incredible partner to Zoompass, and together we are changing the way money moves around the globe,” said Robin Dua, President of EnStream LP. “International remittances are a logical extension of the Zoompass functionality, and they build on our vision to give every Canadian mobile subscriber the ability to send money to anyone, anywhere in the world.”
According to the Canadian Wireless Telecommunications Association (CWTA), there are approximately 23 million mobile subscribers in Canada, and roughly 75 percent of Canadian households have access to a mobile phone. In addition, according to a survey conducted in Toronto by Western Union in April 2010, 48 percent of international money-transfer senders said they were likely to sign up for mobile transaction services, and 17 percent would definitely use mobile money-transfer services. Many global migrants living in Canada send money home to countries like the Philippines, Jamaica, the United States and India.
“Canada is an important send market for Western Union, and we are excited to add them to our list of countries that offer mobile money transfers,” said Khalid Fellahi, Senior Vice President and Head of Mobile Transaction Services, Western Union. “This agreement with EnStream is an important component of our strategy to introduce new electronic channels to provide choice and convenience to consumers worldwide.”
“Western Union is a global leader in money-transfer services,” said Brian Fox, Western Union’s Senior Vice President and General Manager for Canada. “Until now, our alliances have been with mobile operators in developing countries, where people have fewer options when it comes to financial services. This is our first strategic alliance with a mobile operator consortium in a country where 96% of the population has a bank account. We look forward to working with EnStream on this important initiative and other international mobile projects in the future.”
Western Union’s Mobile Money Transfer service is currently available in 25 countries, allowing users to visit a participating Western Union Agent location and send funds directly to the mobile “wallet” of Smart Communications and Globe Telecom subscribers in the Philippines. In addition, consumers can visit select Western Union Agent locations in the U.K. to send money directly to Safaricom M-PESA subscribers in Kenya. And in Malaysia, Maxis M-Money users can now send funds directly from their mobile phones for payout at any participating Western Union Agent location worldwide, and, where available, to other mobile wallets.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Custom House branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 430,000 agent locations in 200 countries and territories. In 2009, The Western Union Company completed 196 million consumer-to-consumer transactions worldwide, moving $71 billion of principal between consumers, and 415 million business payments. For more information, visit www.westernunion.com.
About EnStream LP
EnStream LP is a mobile commerce company working to bring transformational wireless payment solutions to market together with its carrier partners. With anytime-anywhere money transfers and payments representing a new frontier of wireless services, EnStream’s mandate is to develop standardized, secure, and easy-to-use mobile commerce services that work across Canadian wireless carriers and with existing credit, debit, and prepaid capabilities offered by financial institutions. EnStream is a joint-venture company owned by Canada’s three leading national wireless operators – Bell Mobility, Rogers Communications Inc., and TELUS Corporation. The company is headquartered in Toronto, Canada. For further information, please visit www.enstream.com or www.zoompass.com.
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