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.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
News
Square Launches Register App Platform
News
Etsy Debuts mPOS Solution
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
B2B Payments
WEX and Sinclair Oil Strike Long Term Contract
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Merchant Innovation
Apple Pay Launch Week By The Numbers: 46B, 58M and 1
B2B Payments
Tungsten Spent $6.5 Million for DocuSphere
Company Spotlight
Inside the Future of Commerce, Post Apple Pay
Alternative Financial Services
Death Threats, Fraudsters and Lawsuits
View All Articles ››