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
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
News
Credit Unions, Retail Groups Finger-Pointing On Payment Security
Merchant Innovation
Q3 Results Highlight Groupon’s Growing Pains
International
Alibaba Protects Its 11/11 “Singles Day” Turf
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
Apple Pay Tracker
USA Today Compares MCX To The Three Stooges. Unfavorably
Apple Pay Tracker
Apple Pay Faceoff
International
Korean Tech Companies Shifting B2C Focus to B2B Market
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
View All Articles ››