The Western Union Company (NYSE: WU), a leader in global payment services, and eTranzact International plc, a multi-application and multi-channel electronic payment processing company, today announced the launch of a new mobile money transfer service.
Consumers in Nigeria who use the eTranzact Mobile Money platform now have the option of receiving a Western Union Money Transfer ® transaction on their mobile phones. Consumers can receive funds from money transfer transactions initiated at westernunion.com transactional websites in 23 countries, or Western Union Agent locations around the world.
“Western Union continues to introduce new service offerings to complement our multi-product, multi-channel strategy,” said Khalid Fellahi, Senior Vice President and General Manager, Western Union Digital. “We are very pleased to launch our new relationship with eTranzact to increase the number of access points for consumers to use our services worldwide, and provide convenient mobile solutions for those who want new methods for money transfer transactions. To date, we have 19 active mobile money transfer deployments in 17 countries, and remain committed to expanding our mobile service offerings in key regions.”
eTranzact Mobile Money is a mobile payment solution that has multi-network interface capabilities with third-party payment programs. Upon receipt of their funds via a Western Union Money Transfer transaction, subscribers can use PocketMoni, the eTranzact Mobile Money platform, to pay utility and cable television bills, make merchant payments, top-up their mobile phone credits and/or make third party transfers.“We are excited to work with Western Union and leverage the power of their global network on behalf of consumers across Nigeria,” said Mr. Valentine Obi, Managing Director and Chief Executive Officer, eTranzact. “PocketMoni, the eTranzact Mobile Money service, is specifically designed to transform a user’s mobile phone into a highly interactive, feature-rich payment device, and our relationship with Western Union will allow for 24/7 access to money transfer transactions. Adding Western Union money transfer capability to the platform is another step in building a comprehensive suite of mobile services, and enhances our customer value proposition.”
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts