Western Union Extends Prepaid Card Program

What's Next In Payments®
2:45 PM EDT February 3rd, 2013

Western Union Company announced that it has extended its prepaid receive card program to Costa Rica and Guatemala. The card, offered together with AirPak, Western Union’s Agent in Central America, allows receivers of Western Union Money Transfer transactions to put all or part of those funds onto a prepaid MasterCard. According to the World Bank, Guatemalans received $4.5 billion in remittances last year, and just 22 percent have a bank account; Costa Ricans received more than $585 million in remittances last year, and half of the population has a bank account.

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